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The next few weeks mark the beginning of serious financial uncertainty for millions of people, because a slew of debt, from income tax payments to several months of rent, are going to be due at the same time. “It is going to be a perfect storm of financial difficulty for many, many people,” said Andrea Bopp Stark, an attorney at the National Consumer Law Center (NCLC).The center recommends three steps for anyone that finds themselves in a financially difficult situation regarding debt.Step one: create a list of priority bills and debt to pay off. “People are going to be barraged with debt collectors calling and trying to get them to pay on a medical debt or a credit card debt, but those debts are less important,” said Stark. “Pay debts that if you didn’t pay them it would cause immediate harm to your family.”Those are things like your rent and a car payment, especially if you need your car to go to work.“If you have a judgment against you, a court judgment against you for a debt, it is important to try and make a payment plan to pay that because creditor could issue a garnishment against your wages,” Stark added. Step two: contact your lender to make a payment plan on those priority debts.“We are seeing data come in that there are people who are delinquent and don’t have a forbearance agreement when they could very easily be in a forbearance agreement,” Stark added. “I know wait times on the phone are horrible right now, but you have to be persistent and get through and find out what help is available.”Data collected by the U.S. Census shows that delinquency rates are higher in communities of color.“It is mostly Black and Latinx borrowers who are not getting these forbearance agreements,” said Stark. “Whether they don’t know about it or nobody is reaching out to them to let them know this is available, we don’t know why but that is a population that is going to be disparately impacted and has already been disparately impacted by this whole crisis.”Step three: find a way to stick to your prioritized debt list. “It may sound obvious but if you have it on paper and you have created a budget, stick that to the refrigerator or wherever, then you know these are the priority spending items,” said Stark. “If your son or daughter say, ‘Oh, I want this or that,' ‘no, look at the fridge these are our priority spending items, sorry.’” Because every situation may not be solved in three steps, the NCLC has now made its in-depth guide to Surviving Debt available for free. It has template letters to send to debt collectors and hundreds of pages of help to get you through this tough time. 2626
The House of Representatives on Thursday approved a two-week extension for a government funding deadline in an effort to avert a partial government shutdown this week but setting the stage for a partial one on December 21.The stop-gap measure, which the Senate is also expected to pass, pushes the deadline for when funding will expire for several government agencies from December 7 to December 21 -- setting up a showdown over spending just days before Christmas.Lawmakers came together to pass the funding extension after the death of George H.W. Bush. On Capitol Hill, much of the week has been dedicated to paying tribute to the former President who was lying in state in the US Capitol rotunda for several days.Congressional leaders in both parties have indicated they do not want a partial shutdown, but Democrats and Republicans remain at an impasse over President Donald Trump's demand for billion for his long-promised border wall and the issue continues to be the key sticking point in negotiations."It's getting late. It's not five minutes to midnight yet but it's getting towards the end of the month," Republican Sen. Richard Shelby, the chairman of the Senate Appropriations Committee said Wednesday.Asked how two additional weeks would help lawmakers reach an agreement over wall funding, Shelby replied, "I think you could do it in 15 minutes if you could reach some sort of resolution to it. Will they, is a good question. ... I don't know if they will."A key question now is whether the President and congressional Democratic leaders can strike a deal.Senate Republicans have floated the possibility of attempting to allocate billion over the next two years. But any spending bill would need at least some Democratic votes to pass.Senate Democratic Leader Chuck Schumer has so far said that the President should either agree to enact an existing Department of Homeland Security funding bill that has bipartisan support in the Senate and would allocate .6 billion for border security or keep DHS funded for another year via a short-term spending measure known as a continuing resolution.The President has kept up the pressure over the course of the week by reiterating his call for funding for the wall. "We would save Billions of Dollars if the Democrats would give us the votes to build the Wall. Either way, people will NOT be allowed into our Country illegally!" the President tweeted on Monday.Lawmakers passed a government spending package to fund much of the government prior to the 2018 midterm elections -- so if there is any kind of a shutdown, it would not affect all of the federal government.But that doesn't mean a partial shutdown would not be disruptive. The current funding deadline is in effect for government entities including the Department of Homeland Security, the State Department and the Interior Department. 2867
The law is supposed to protect against age discrimination, but many companies continue to target their job ads towards younger people.There are lawsuits pending against T-Mobile, Facebook and other large companies, accusing them of discriminating against older workers.Those companies are accused of using tactics like excluding 40-year olds and over from seeing job advertisements, recruiting only on college campuses and even capping the number of years of experience someone can have.Here are some ways to get around the age factor in your job search, according to the job site Monster: 597
The last year has been a challenging one for New York City, which was among the hardest hit areas in the world for coronavirus cases.Months after a spring surge of cases, schools closed and hospitals filled with coronavirus patients this week, as life is struggling to return to normal. One sign life isn’t back to normal is that next week’s Macy’s Thanksgiving Day Parade will be held without spectators.In honor of the front-line workers keeping New York City safe and healthy, Macy’s has decorated its storefront at its flagship store in Midtown Manhattan with the theme "Give, Love and Believe."The tradition of decorating the storefront dates back 146 years. Macy’s installed social distancing markers in front of the mural to space onlookers.The storefront is part of a broader theme of philanthropy at all Macy’s locations throughout the United States.All Macy’s locations will have a red mailbox where children can address letters to Santa. For each letter received by Macy’s addressed to Santa, the retailer will donate , up to million, to the Make-a-Wish Foundation.“Believe is a special moment for the Macy’s family each year,” said Lauren Anania, Macy’s Director of Cause Execution. “As we celebrate the wonder of giving, we feel privileged to support Make-A-Wish in its quest to grant the wishes of children in need. We are proud of the passion that our colleagues bring and grateful to our customers for turning this program into a tradition of endless generosity and community through the collection of millions of letters over the last 11 years.” 1575
The NBA season is set to resume next week in Orlando, Florida, and the league’s court is ready for the resumption of play.On Tuesday, the NBA unveiled a court painted with “Black Lives Matter” at center court in front of the scorers’ table. Fans will get to watch the courts put to use beginning tomorrow as teams will hold scrimmages on the court.Twenty-two of the league’s 30 teams will conclude the season in Orlando after a four-month hiatus.During the league’s coronavirus hiatus, the country has faced unrest following the death of George Floyd while in police custody on Memorial Day. Since then, the league and its players said they'll work on ways to spotlight social justice.“Our platform in Orlando presents a unique opportunity to extend the ongoing fight against systemic racism and police brutality in this country,” NBPA Executive Director Michele Roberts. “We will continue to work with our players and the League to develop specific plans in Orlando as well as long-term initiatives to bring about real change on these issues.” 1052