Hardship Resource

Many independent contractors missed out on the first EIDL assistance. Please see below for helpful information on how to apply. |Jun 15, 2020 SBA Opens Up New Grants And Loans For Small Businesses And Independent Contractors: The EIDL Program By Richard Harroch On June 15, 2020, the SBA announced that it was again opening up its Economic Injury Disaster Loan (EIDL) grant and loan program. This means that independent contractors, freelancers, and gig workers are eligible to r

Great news for homeowners with Federally backed loans. CARES Act originally provided for 180 days for homeowner assistance Forbearance due to loss of income and or inability to work due to COVID. Current release confirms that the assistance may last as long as two consecutive 180 day periods which will provide relief past June should the homeowner still need assistance. FOR IMMEDIATE RELEASE: June 4, 2020 MEDIA CONTACT: Office of Communications Tel: (202) 435-7170 CFPB AN

Self employed were not previously reported in the weekly jobless rates until end of May 2020. 2.4 million workers applied for unemployment benefits by May 16th and nearly 2.2 self employed and independent contractors applied for aid under Pandemic Unemployment Assistance. By Megan Henney FOX Business Next coronavirus relief bill could include changes to unemployment benefits, Hassett says Roughly two-thirds of workers on unemployment are receiving more from the government ai

With Pandemic unemployment more than $43 million people, that is 1 in 4 people filing for unemployment benefits in the last 10 weeks. We are all looking for answers on how to adjust and ways to cut down monthly expenses. Bankrate article below provides a comprehensive list of 13 steps to take if you lost your job or cannot work due to the coronavirus crisis. Most homeowners have already called their mortgage lender or servicer to ask for forbearance assistance, look at th

You are not alone 2.1 million U.S. workers sought jobless aid last week. To date we have 41 million who have applied. By ASSOCIATED PRESS MAY 28, 2020 5:42 AM WASHINGTON — Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak intensified

Relief for Federally Backed Loans. Freddie Mac has outlined the Forbearance collection process for Mortgage Loan Servicer's and their homeowners with Federally Backed Loans. One of the most common mortgage relief options is forbearance, which is offered through your loan servicer (the company listed on your mortgage statement). When entering forbearance, your mortgage payments are suspended until the end of the forbearance period. If you are a homeowner experiencing financia

Freddie Mac Announces Online Resources to Help Consumers New digital tools help consumers know their options and get help May 26, 2020 12:32 ET | Source: Freddie Mac MCLEAN, Va., May 26, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced a number of online resources available to help homeowners and renters navigate the relief and support the company has made available in the face of COVID-19. The tools are part of a dedicated effort to raise awareness of the o

Great Article by Kathleen Howley. Mortgage Forbearance is a necessity at this time for millions of American's. Under the CARES Act the Mortgage Servicer's are reporting the credit as current if the homeowner was current prior to starting the Forbearance but CARES Act now needs to address the notated sections of a credit report where it could show "Forbearance". Read below.... Forbearance becomes a ‘Scarlet Letter’ on credit reports A 'comments section' workaround consumer