Do you receive unemployment? If so, there is some important information about unemployment income and taxes that you need to know: Unemployment & Taxes First, according to the IRS, "all unemployment compensation is taxable in the tax year it is received." When you receive your 1099-G, you will be able to see the total amount [...]
The Los Angeles County Board of Supervisors extended eviction protections through the end of the year. In fact, the vote took place on January 25, 2022. Who Qualifies? The protections apply to residential tenants, commercial tenants and mobile home space renters in unincorporated Los Angeles County. This will also apply to any cities in the [...]
With the latest Omicron surges, you may be placed in a difficult financial situation. Prices are increasing and temporary job losses are influencing consumers. Maybe you have been relying on credit cards to help you meet your basic needs. However, this could be doing more damage to you financially if you are unable to make [...]
On December 22, 2021, the suspended Student loan payments were extended again. However, that date is approaching quicker than you think. Are you ready to resume your payments? When Are Payments Due? According to the Federal Student Aid website, you will receive your billing statement or other notice closer to May 1, 2022. This will [...]
Facing debt is difficult. However, facing difficult financial times and losing your job due to forced vaccination requirements is even more stressful. If you are concerned about being able to pay your bills due to losing your job, you have options! So, What Are My Options? You have the option of speaking with your creditors [...]
Did you know that the Federal Reserve Bank of NY's recent report shows that Americans' total household debt has increased? In fact, the "total debt balance is now $1.1 trillion higher than at the end of 2019." Don't rely on credit cards or loans to get by, you have options! So, What Are My Options? [...]
For many people who had difficulties making mortgage payments due to the pandemic, forbearance options were available. However, what happens to your home when forbearance ends and you still need help? My Mortgage Forbearance Ended, Now What? For most loans, your mortgage servicer will offer payment plans to cover the missed payments. However, some servicers may [...]
Are you having difficulties paying rent due to COVID-19? Or, are you a landlord that has lost income due to COVID-19? You may be eligible for assistance! What You Need to Know The U.S. Department of the Treasury’s Emergency Rental Assistance (ERA) program provides a number of state and local programs that offer assistance. This [...]
Most federal student loans are not due for repayment due to extended coronavirus relief. However, this extension will be over in January 2022. Are you ready to resume your payments? Here's what you need to know: How to Get Ready For Resuming Your Student Loan Payments The Student Aid website offers 6 tips to help [...]
If you are worried about your credit score in 2021, you are not alone. Many people have been struggling due to COVID-19 and their finances and debt are taking a hit. Here's what you need to know: What is a Credit Score & Why is it Important? This is a very important number to know. [...]
