News from the Reference Desk Category: Economic

Deadline approaching for receiving stimulus money

The Consumer Financial Protection Bureau (CFPB) states there are millions of people who are eligible to receive their Economic Impact Payment under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, who haven’t claimed it yet. These individuals have until October 15, 2020 to claim their stimulus payment this year.  As the deadline approaches, download their recently released guide and find out if you are eligible, or ask your Business Librarian.

 

Kick Start Your Small Business FREE SBA webinar Sept. 2

Has your small business reached a crossroads? Bring your questions to this interactive webinar as we discuss techniques for revitalizing your business plan. Learn how SBA programs and services can be the tools you need to make sound decisions for your business.

REGISTER HERE to receive log on instructions emailed to you. Please note, this event will be on the Microsoft Teams platform. There is no dial-in number; you must join online. The Safari browser is incompatible. Email the Illinois District Office with questions at ILLINOIS (dot) DO (at) sba (dot) gov.

https://www.eventbrite.com/e/kick-start-your-small-business-tickets-117434643179

 

Insurance Calculators

ValChoice, an independent data analytics company focused on the U.S. insurance industry, is offering our patrons unlimited access to online calculators, insurance company ratings, tutorials and “how-to” videos, worksheets, and other tools designed to help users understand how insurance—such as car and home insurance—is priced, and how to decide on policies based on their age, deductibles, coverage limits, and other factors.

This Illinois car insurance estimator lets you calculate auto insurance costs customized to your age, location, driving record, vehicle, etc. Your personal information is only used to calculate insurance price.

Use this Illinois home insurance calculator to estimate home insurance costs based on home replacement value and location. Your personal information is only used to calculate insurance price.

Educational videos that can guide you on how to use these calculators can be located here.

What to Do when Debt Collectors Call

From the Consumer Financial Protection Bureau (CFPB)

Learning about your rights can help to prevent problems and avoid scams during this stressful time. If you have outstanding debts, you can use the When debt collectors call tool from our Your Money, Your Goals financial empowerment toolkit to be prepared to respond to debt collectors.

The tool will help you to:

  • Take action to verify whether the claim is valid
  • Know how to dispute the claim if you do not owe the debt
  • Know what to do next if you do owe the debt

This information can also help you be prepared to avoid scammers who may pose as debt collectors to get you to pay on debts that you don’t owe.

Your credit and the CARES Act

If you made accommodations with your lenders or creditors due to financial hardships related to coronavirus, follow these steps from the Consumer Financial Protection Bureau (CFPB) to ensure that your credit reports and scores are not negatively impacted. On this page you’ll also find helpful info relating to mortgage relief options, student loans and avoiding scams!

CLICK HERE!