News from the Reference Desk Category: Finance

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

 

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.

Cook County Property Tax Bills

cartoon house surrounded by moneyCook County Treasurer Maria Pappas recently announced that the second installment payment of property taxes is due August 3 but because of the pandemic, Cook County residents can pay without charge through October 1. Partial payments are accepted.  Property owners can pay online at the Treasurer’s website.  They can also search for refunds and verify tax exemptions there.  To check for information about your property simply enter your address; a Property Identification Number is not required.  Any balance due after October 1 will be charged 1.5% per month as required by law.

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!