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How to qualify for low interest rates on personal loans
By: Aly Yale | Source: Fox 10 Phoenix
If you’re applying for a personal loan, securing a low interest rate is critical — especially if you’re borrowing a large amount of money. While shopping around for lenders can certainly help (rates vary greatly from one to the next), there are other things you can do to improve your chances of getting a low interest rate personal loan, too.
First coronavirus stimulus fraud charges filed against two men seeking $500K in PPP loans
By: Brittany De Lea | Source: Fox Business
The first fraud charges have been filed in Rhode Island against two men attempting to defraud the coronavirus stimulus program. The application for the Paycheck Protection Program stated they were seeking $500,000 for employees’ wages when they have no employees working at any of their businesses. Unfortunately, this may not be the last instance of fraudsters seeking the program’s funds.
Coronavirus relief tax deduction denial: Is your PPP loan worth less?
By: Brittany De Lea | Source: Fox Business
The question of whether the government intended to reduce the worth of the Paycheck Protection Program loan or if it was red tape oversight doesn’t really matter since the result remains the same. The IRS has issued guidance for business owners that prevents a tax deduction claim for a forgiven PPP loan, ensuring no one receives a double tax benefit. However, these high-quality low-interest-rate loans are a clear advantage for businesses fighting the coronavirus pandemic.
How coronavirus could damage Social Security
By: Brittany De Lea | Source: Fox Business
Funding for Social Security was on shaky ground even before the coronavirus pandemic began, but now concerns have been raised over the strength of the fund, with projections pointing to only a portion of benefits to be received. However, the major damage concern is the continued unemployment which reduces payroll tax revenues that fund the social security program. Find out more about potential impacts on the program’s future.
Should I take out a loan to pay medical bills?
By: Aly Yale | Source: Fox Business
Medical bills are the leading cause of bankruptcy according to the American Journal of Public Health. Personal loans may work to your advantage if you’re facing potential collections attempts. Aside from consulting with your medical provider directly, there are other options to consider if an agreement can’t be made.
During coronavirus crisis, you may need cash fast — but avoid tapping these money sources
By: Aimee Picchi | Source: USA Today – Money
Millions of households are experiencing financially stressful times as a result of the coronavirus pandemic which can make it tempting to seek out quick cash. This may seem like a good option as bills come in, but could end up costing more in the long term. Consider alternate cash routes to protect your financial footing beyond the short term.
13 Tips To Help Protect Your Online Financial Information
By: Expert Panel | Source: Forbes Finance Council
Concerns about risks to consumer data are realities for mobile banking and wallet applications. Cybersecurity is a two-way street that requires precautions from both the financial institutions and the consumers themselves. Forbes Finance Council offers the advice of 13 finance experts to provide tips on how to help protect your digital financial information.
Should You Take Out a Loan to Fund Your Divorce?
By: Sheryl Nance-Nash | Source: Money
In the wake of self-isolation efforts to flatten the curve from the coronavirus, many couples are feeling the financial strain and stress of the pandemic. As couples emerge from quarantine, some will see it as the excuse they need to call it quits but lack the resources for a divorce. Read the fine print on the pros, cons and other alternatives associated with the monetary burdens of divorce during this crisis.
Things To Cut Out Right Now To Save Money During the Health Crisis
By: Gabrielle Olya | Source: Go Banking Rates
The current health measures to prevent the spread of COVID-19 has caused unemployment to skyrocket, highlighting how crucial it is to reduce spending and focus on saving. GOBanking Rates spoke to financial and consumer experts to get their insight on which expenses to trim during the pandemic. and has forced many businesses to close or reduce workers hours.
The new way to talk about money with your partner in the midst of the coronavirus pandemic
By: Anna Hecht | Source: CNBC Make It
Financial discussions may be difficult under normal circumstances, but during tough times it’s important to be sensitive to partners without criticism. Having a money talk mid-pandemic is not ideal, but neither is the coronavirus; confront budgets together and reassess goals, as well as paying close attention to emergency funds and discussing job security. Remember to schedule check-ins to reevaluate financial strength.
Survey: Millennials Are Just as Likely to Write a Check This Month as They Are to Use Mobile Wallet
By: Liz Alterman | Source: FinanceBuzz
A survey of purchasing habits and frequently used payment methods was conducted by FinanceBuzz. Contrary to popular belief the younger generations have not rendered cash and checks obsolete, even as mobile wallet issuers add incentives and rewards with the hope of attracting new users.
How often should you use your credit card?
By: Barri Segal | Source: CreditCards.com
There is more than one reason to keep your credit cards open and active. Find out from a selection of experts how a closed card might impact your overall credit and how and when to avoid having it closed.