Many state Governors have already rolled back pandemic-driven unemployment benefits, and more are set to follow suit as early as September 6th. With the Labor Department taking a back seat Governors’ decisions, millions of Americans will be losing a significant source of financial assistance. Though many state Governors believe that ending jobless benefits will encourage… Read More »
The amount of debt in the United States has increased significantly over the past 10 months. Individuals and businesses alike have been affected by the negative economic impact of COVID-19. Companies that rely on recurring financial agreements, this rising amount of outstanding debt can dramatically impact their business operations. Even with these pressures, however, many… Read More »
We all know just how difficult 2020 has been with COVID-19 taking over the world leaving so many unkowns. Businesses and personal relationships have been negatively affected. With unemployment increasing, people are losing money and having a hard time making ends meet. Everyone is being affected in one way or another and it is important… Read More »
School tuition has a very practical purpose. In exchange for these payments, students gain access to curriculum, course material, buildings and facilities, textbooks, teachers and much more. These funds also help cover operating costs incurred by the educational facility and when students don’t pay up, the entire institution suffers. The term “schools” also casts a… Read More »
Business relationships have been strained by the Coronavirus. Unfortunately, revenue for many companies has plummeted and long-standing agreements have been altered. This fact of life in 2020 is among the many difficult changes we’ve had to adapt to. Unfortunately, not all have been able to make a seamless transition. Companies who have dutifully continued to… Read More »
Business owners depend on timely payments and a consistent cash flow to keep their business operational and profitable. The ongoing global pandemic that continues to weaken all sectors of our economy makes financial matters all the more complicated. With major brands like Starbucks, Ross, the Gap, T.J. Maxx and AMC not paying rent on their… Read More »
Budgets have been stretched thin and purse strings kept tightly-wound. The era of the coronavirus has brought about drastic changes to so many norms of daily life. The economic impact of the virus is far-reaching and for those with outstanding bills to collect, it has added another layer of stress. Consumer collection agencies are well-aware… Read More »
Today’s uncertain economic climate has forced both service providers and their clients into sometimes difficult and awkward conversations about payments. Many companies provided services to their customers with the expectation of being paid in a timely manner, but the advent of COVID-19 changed everything. Customers who would have otherwise paid the service provider promptly were… Read More »
It may feel like a lifetime, but it was actually only 60 to 90 days ago when America was able to boast stellar Gross Domestic Product (GDP) growth and the lowest unemployment rate in decades. COVID-19 changed all that. News articles from January 2020 now read like a bad joke. “Fears of a recession have… Read More »
Debt is a way of life. We take out loans to finance expensive ventures such as college, buying a car, launching a business or purchasing a home. What comes with these loans is a lot of fine print – and that text is legally-binding. There are very specific terms attached to these funds and repayment… Read More »
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