Stimulus Checks Gets APPROVED | Shamika Saves

Stimulus Checks Gets APPROVED | Shamika Saves COVID-19 continues to wreak havoc on the world’s peoples and economies. In the United States, as businesses shut down or pare back, millions of workers have already been laid off, leaving many to wonder how they’ll pay their bills. The package grants households relief in the form of stimulus checks sent directly to most Americans, expanded unemployment benefits, paid sick leave, temporary student debt relief and more. Stimulus Checks American adults will be granted the following one-time payments: $1,200 payment to individual taxpayers $2,400 payment for married couples filing jointly An additional $500 per qualifying child under the age of 17. Upper income folks aren’t eligible for the checks; the payments start to phase out for single filers with adjusted gross income above $75,000; married couples filing jointly with AGI above $150,000; and heads of household (that’s a single person with dependents), with AGI above $112,500. Stimulus amounts will be paid out based on 2019 income (or 2018, if an individual hasn’t yet filed their 2019 tax return). Student Loan Relief The Department of Education implemented student loan relief measures last week. The stimulus package expands those measures, giving protection to borrowers pursuing loan forgiveness programs and those who have defaulted loans. Interest will not accrue on federal student loans from April through September 30 and no payments must be made. Even though payments are suspended during this time period, the Department of Education will treat it as if the borrower made a payment toward public service loan forgiveness or other forgiveness programs. Borrowers who are in loan rehabilitation programs will also have the suspension period count toward rehabilitation. These programs are for borrowers working to pull their loans out of default. Credit reports and scores will not be impacted during the suspension of payments period. Wage garnishment and tax refund seizures will be halted during the forbearance period. Additionally, the Department of Education announced on Wednesday it will be refunding approximately $1.8 billion in offsets to more than 830,000 borrowers. The announcement also requires private collections agencies to stop pursuing defaulted borrowers through such methods as phone calls, collection letters and billing statements. For more help with Personal and Business finances go to http://www.simplified-legal.com/ Get Helpful Tips on Personal and Business credit, Follow us on Social Media. Facebook:   / shamikasaves   Instagram:   / shamika_saves   Want a Complimentary Discussion about Wealth Goals??? Email us: [email protected] Like👍, Share ↗️, and Subscribe✅.    / @shamikasaves   Don't forget to hit that 🔔 to stay up to date on our videos. Get your DUNS Number for free here: https://fedgov.dnb.com/webform Select that you are a government contractor Nav.com Here is your custom link to our Standard (Free) plan 👉http://nav.nkwcmr.net/c/2008544/10454... Here is your custom link to our Business Manager ($29.99/month) plan 👉http://nav.nkwcmr.net/c/2008544/38099... Here is your custom link to our Business Boost ($39.99/m) plan . This plan helps new businesses build business credit by reporting the Nav monthly fee as an active trade line to all three major business credit bureaus: 👉http://nav.nkwcmr.net/c/2008544/67535... Credit Bureau: TransUnion® Credit Bureau | Trust in TransUnion®‎ www.transunion.com/‎ Equifax | Credit Bureau | Check Your Credit Report & Credit ... https://www.equifax.com Experian https://www.experian.com Innovis https://www.innovis.com/ Welcome to Shamika Saves: Have you ever wondered how to get access to 5 or 6 figures lines of business credit? Do you know how to properly file a dispute to the credit bureau? Who is Dun and Bradstreet? Why do you need them to get a federal grant? Well your in the right place. On this channel Shamika Saves will educate you on everything from business line of credit, financial literacy, personal finance, and credit. Also, Shamika Saves will also give out tip & tricks that will help scale your business to the level. Those tips included: How to register your business with the state? How to seal your criminal record? Where to get discounts on trips and cruises? and more. If there are any questions or Topic you want us to talk about please tell us in the comments. Thank you for visiting our channel. We appreciate the love and support. ShamikaSaves is your one stop shop for information related to credit building products, credit repair and finance tips.