Tag: Financial distress

CARES Act Failed To Protect Student Loan Borrowers! This Is How…

Corona Virus and the CARES Act; probably two of the most talked-about topics in the United States in the year 2020. The CARES Act provided a cushion against the economic impacts and effects to millions of Americans, including the students. The Bill proposed an action in which the Federal government was to pause all actions against the student loan defaulters through September 30. The passing of this proposal indeed was a relief to so many […]

The Coronavirus Aid Relief and economic security act retirement plan provisions

The CARES Act was the third phase in Congress’ response to the COVID-19 following the Corona Virus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families First Coronavirus Response Act (FFCRA). In addition to providing emergency relief for the millions of small businesses in the country, the 2 trillion CARES Act, also relaxed several retirement plan rules which helped the plan holders to gain some access to their account balances without penalty. The Client […]

Budgeting in a Crisis or A Pandemic environment

As the Novel COVID-19 pandemic escalates, life seems to feel more out of control. Undoubtedly, the pandemic has created a rough situation for most people and as the virus sweeps across the globe, everyone has shifted their priorities to focus on one thing; staying healthy. But, staying physically fit and financially healthy at this age poses a challenge to most people. And one of the biggest challenges has been creating a sustainable budget. Across the […]

How to Protect my credit score if financial hardships Prevent me from paying bills

It is 2021, and everything seems to be getting back to normal. Though not over yet, the COVID-19 pandemic continues to have devastating effects on the financial health of many Americans. According to data from the labor department, the U.S job losses due to the pandemic were the highest since the Great Depression. The financial distress resulting from any disaster undoubtedly has devastating effects on Americans but in most cases, the minority communities are most […]