Unemployment Rate Rising & The Economy

Filing for unemployment can be scary. As many of us know, a lot of companies that cannot afford to keep their employees on payroll since corona virus got classified as a pandemic. The world went into hiding, and as a result, many businesses started to suffer and are hemorrhaging money. There have been many things…

Paycheck Protection Program

What is Paycheck Protection Program? We have been asked to share what the paycheck protection program, and how it can help small businesses? The program was designed during COVID-19 to help small businesses prevent layoffs or furloughs of their staff. It seems to be a hybrid of a loan and a grant. The program allows…

COVID-19 Financial Update

COVID-19 financial news has been tough on everyone; both emotionally and physically with their day-to-day lives. With working remote due to the stay-at-home orders, it has bit come increasingly difficult for most people to get what they need when they need it. When the crisis first was announced with the lockdown there was a huge…

How the Credit Market Being Affected by Caronavirus

What is the Credit Market? Credit market refers to the market through which companies and governments issue debt to investors. These include investment-grade bonds, junk bonds, and short-term commercial paper. Sometimes called the debt market, it also includes debt offerings, such as notes, and securitized obligations, including collateralized debt obligations (CDOs), mortgage-backed securities, and credit…

Alabama Payday Loan Law and Legislation

Payday loans in Alabama are not at the present moment under the regulation of the Small Loan Act. Such conditions were very favorable for many old companies to expand and grow, as well as for newer companies to get started. At the present moment, payday lending is absolutely legal in Alabama. New regulations with regards…

How Debt May Lead to Long-Lasting Stress

In the US alone, the poverty rates are astounding. As a commercial society, we are always looking to buy things we don’t need, which leads to accruing debt as well as a higher poverty rate. Poverty is one of the hardest things to overcome. Being stuck with lower income comes with a mental drain from…