Help! My Unemployment Check Isn’t Here Yet!

May 07

adminUncategorized , , , , No Comments

Millions of Americans have been laid off and depend on government unemployment benefits to pay their bills. With so many new people applying every day, the system is overloaded and understaffed. The benefit checks are not getting sent out fast enough, leaving families desperate for help- posing the question:

Can you apply for a payday loan if you’re unemployed?

Well, the short answer is: It depends. CitiFinacial and PLS Loan Stores offer cash advances on unemployment benefit checks.

Another option to look into is getting a cash advance on a credit card. Credit cards may be able to bridge the time gap between benefit checks.

And, as always, stay in touch with The Department of Labor. As frustrating as it is, it’s a good idea to keep calling and checking on the status of your benefit.

Student Loan Reforms

May 05

adminUncategorized , , No Comments

This week Congress passed reforms to the higher education system. According to the Whitehouse Blog report, these reforms will save taxpayers an estimated $68 billion over the next 10 years. Going forward, the government will handle student loans directly instead of working through banks. In other words, the government is going to eliminate the middleman and pass on the savings!

The money saved will go back into the federal Pell Grant program, hopefully, bridging the gap in rising tuition costs. The reforms will also cap college graduates’ annual student loan repayments at 10% of their income, revitalize community colleges, and increase support for Minority Serving Institutions.

Tips on paying back student loans

Newer Entries