Working families are increasingly relying on credit cards to survive the corona-economy. The debt collectors are waiting on the other side.
The Debt Hole on the Other Side of the Corona Economy
What Is a Forbearance or Payment Deferment in the Corona-Economy?
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 […]
Mortgage Payments During the Corona Economy
If you have a federally backed mortgage and are experiencing a corona-related hardship or anticipate such a hardship, contact your loan servicer right away and apply for a corona-forbearance.
- 15 U.S.C. §1692 et. seq.
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NCLC Resource – Protecting Against Creditor Seizure of Stimulus Checks
The consumer heroes at the National Consumer Law Center have issued the following resource to help consumer protect their corona stimulus checks from levy and seizure by heartless and unscrupulous debt collectors: “The CARES Act authorizes payments up to $1200 to individuals and $2400 for couples, with an additional $500 for children under 17 years old. The payments phase out […]
Six Debt Tips To Get You Through The Corona-Economy
Want to Help a Small Business? Give it a 5 Star Review
In addition to being a consumer protection attorney, I am also a small business owner. Small businesses are going to suffer considerably during the corona virus pandemic. A 5-start review can go a long way to helping our favorite small businesses weather the storm.
A Unique Opportunity to Get Your Federal Student Loan Out of Default During the Corona Economy
In response to the Corona-Economy, the Federal CARES Act has created a unique opportunity for federal student loan borrowers in default to get out of default through loan rehabilitation for far less money.
Is Your Stimulus Money Safe from Creditors?
I am growing increasingly concerned that the much needed corona-economy stimulus money will not be protected from seizure and levy from heartless debt collectors.
Credit Card, Scarcity Spending and the Corona-Economy
In the depths of the corona-economy, we are staying home, we are filling up our online shopping carts and stockpiling toilet paper. At the same time, unemployment is skyrocketing. We are doing all this spending on the credit card. When life resumes, will we be able to pay the bill?
Must You Pay Your Mortgage During the Corona-Economy?
By: Robert J. Nahoum THE PROBLEM We are in the depths of the Corona-Economy, as of this writing, nearly 10 million US workers have already filed for unemployment benefits with far more to come. These numbers do not include gig workers and those still working but fewer hours. Given this extraordinary economic disruption for working Americans, the burden to make […]