Today is Thursday, March 26, 2020 and we are reading about the increase in jobless claims, the coronavirus stimulus checks that are due to come soon and how the stimulus package will affect our student loans and credit, among others. We hope you find these articles interesting and informative. Please let us know if you have any questions or if there are other things you’d like to hear about.
Americans displaced by the coronavirus crisis filed unemployment claims in record numbers last week, with the Labor Department reporting Thursday a surge to 3.28 million.
Treasury Secretary Steven Mnuchin said Thursday that people will start getting relief checks within three weeks, as the country reels from the coronavirus pandemic.
Everyday Americans are about to get a one-time cash infusion.
As part of a relief bill to combat the economic impact of the coronavirus pandemic, the government is expected to provide payments of up to $1,200 for individuals or $2,400 for married couples, with $500 added for every child, based on 2019 tax returns for those who filed them and 2018 information if they have not.
The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets.
Stimulus bill to delay federal student loan payments for 6 months—here’s what that could mean for your credit score
The coronavirus stimulus bill may grant a six-month postponement period for the millions of Americans with federal student loans.
While the bill is still being voted on in Congress, federal student loan borrowers could get a break from their monthly payments until Sept. 30, 2020, with any accrued interest during the suspension also waived.
But what does all this mean for your credit score? We have good news and bad news.