While sheltered in place and so many businesses closed, the Covid-19 pandemic is causing extraordinary economic distress for so many working families. As we all stockpile food and supplies, every penny we earn is precious and necessary to keep our families safe and comfortable during this crisis. Few of us can afford to give up 10% of our salary to […]
THE PROBLEM While sheltered in place and so many businesses closed, the Covid-19 pandemic is causing extraordinary economic distress for so many working families. As we all stockpile food and supplies, every penny we earn is precious and necessary to keep our families safe and comfortable during this crisis. Few of us can afford to give up 10% of our […]
Despite being fully insured, too many working people continue to get medial bills. The bills often make little to no sense and getting straight answers from your insurance carriers and the healthcare providers who blame each other is frustrating. There are only three reasons why anyone with health insurance should receive medical bills: Deductibles, Co-Payments, Co-Insurance.
By: Robert J. Nahoum THE PROBLEM You were in an accident, became sick or perhaps contracted the coronavirus. You seek appropriate medical care and are thankful to have recovered. Nothing more to worry about because you are fully insured through an employer-based health insurance plan- right? Despite being fully insured, you continue to get medial bills. The bills make […]
Politicians and policy makers are not talking enough about Corona-Debt and their plans to help working families manage the financial devastation they will suffer.
All the politicians and policy makers keep talking about a fantasyland where we all go back to work soon – before mass testing or a vaccine. The truth seems more likely many more months of lockdown. I see little to no help for working families to get out of the debt hole that is being dug.
By: Robert J. Nahoum When the federal government passed the Coronavirus Aid, Relief, and Economic Security (“CARES Act”) including stimulus checks of up to $1,200 per adult and $500 per child, it failed to protect that money from the reach of debt collectors. Those of us in the consumer protection community immediately recognized the threat to working people and began […]
By: Robert J. Nahoum THE PROBLEM In response to the Corona-Economy, the federal and state governments have taken extraordinary measures to help, for the time being, working people stem the tide of economic devastation. One of the early areas of intervention was with regard to Federal Student Loans. Congress passed the $2 Trillion relief bill called the “Coronavirus Aid, Relief, […]
Working families are increasingly relying on credit cards to survive the corona-economy. The debt collectors are waiting on the other side.
By: Robert J. Nahoum THE PROBLEM Our economy has stopped dead in its tracks. As of this writing, unemployment claims have exceeded 16 million. Even those who are still working, whether from home or in the field as an essential worker, are terribly anxious about what the economic future will bring. We sit at our kitchen tables trying to figure […]