NFCC Weekly Financial Guidance: Eviction Moratorium, Mortgage Forbearance, Fraud Alerts and Student Loan FAQs

Good Morning! Here’s news you can use from NFCC

If you have been impacted by COVID-19, our team is here to help, learn more..

Eviction Moratoriums, Mortgage Forbearance and Other Tips to Keep Your Housing During the COVID-19 Crisis

Are you worried about your housing situation as a result of COVID-19? That is understandable, since it is more difficult to meet your monthly rent or mortgage payment if you have experienced a reduction in income or other financial stressors. Whether you rent or own a home, you don’t want to risk your housing. Here are some suggestions to help make ends meet, including a look at some protections designed to keep Americans in their homes.

FBI Warns of Online Fraud Related to COVID-19

These are not normal times. The COVID-19 pandemic has brought financial and health emergencies for a majority of Americans. FBI’s \Crime Complaint Center(IC3)has put out a warning on the risk of online scammers seeking to prey on the vulnerabilities of households in this atmosphere of disruption and uncertainty. The threat is very real. In 2019, IC3 received 467,361 complaints– an average of 1,300 every day- and recorded more than $3.5 billion in losses to individual and business. With the ongoing circumstances, this is will increase if Americans are not careful.

FAQ: Student Loans and COVID

The COVID stimulus package (CARES Act) has several new actions to offer relief for student loan borrowers. For most federal student loan borrowers, principal and interest payments on federally-held student loans have been suspended through September 30, 2020. During this time, interest will not accrue. Here’s what you need to know. There is no action required from your end. Your federal student loan will automatically be suspended for all interest and monthly payments due between March 13 and September 30, 2020.

NFCC in the News: 📰

Your Guide to Getting Cash During the Pandemic. From retirement savings and aid programs to bill payment delay programs, there are new rules and options that can help. Read More..
Landlords are increasingly covering transaction fees, but unemployed tenants face double-digit interest rates. Read More..
How to Navigate Bills Right Now, From Student Loans to Phone Plans. Read More..
Can a Parent PLUS loan be transferred to a student? Read More..

Around the Country 🗽

The IRS's Get My Payment App Is Live So You Can Track Your Stimulus Check

You can now track your stimulus check, find out how you’re being paid — and, if you want, update your bank direct deposit information to get your stimulus payment as fast as possible. The online IRS portal for entering payment information and checking on the status of stimulus checks has just added a new feature. The application is called Get My Payment. The Get My Payment tool allows taxpayers to check on the status of their stimulus payments and confirm whether the money is arriving via direct deposit or paper check.