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brajeshupadhyay · 5 years ago

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$400 Unemployment Supplement Is Really $300, and Won’t Arrive Soon

The uncertainty comes at a delicate time for the economy. New applications for state unemployment benefits fell below one million last week for the first time since the pandemic took hold in March, the Labor Department said Thursday. But filings remain high by historical standards, and other measures show the economy losing momentum.

A $600-a-week federal supplement to unemployment benefits, enacted to address the pandemic, stopped at the end of July. That has pulled away a key source of support, not just for the nearly 30 million Americans receiving benefits but also for the broader economy.

“The status of the financial relief is a huge question mark hanging over the economy,” said Daniel Zhao, senior economist for the career site Glassdoor.

Mr. Trump said Saturday that he was taking executive action to provide unemployed workers with $400 a week in extra payments, on top of their regular state jobless benefits. He did so after talks on a new round of pandemic relief stalled in Congress.

The Senate adjourned on Thursday until early September, and House members had already left Washington. The departures all but end any chance of a quick agreement on sending stimulus checks to American taxpayers, reviving lapsed unemployment benefits and providing billions of dollars for schools, testing, child care, small businesses, and state and local governments.

In the meantime, states are scrambling to figure out how to carry out Mr. Trump’s plan, with unemployed workers wondering whether the money will arrive in time to prevent lasting financial harm.

Here is what we know about the program and how it will work.

The benefit will be $300 for most workers, not $400.

When Mr. Trump announced the program, known as Lost Wages Assistance, he said it would add $400 to workers’ weekly unemployment checks.

But unlike the earlier supplement, which was fully funded by the federal government, the program called for states to chip in a quarter of the cost. Governors from both major parties balked at being asked to spend billions of dollars when tax revenues have plunged because of the economic collapse.

So this week the administration offered new guidance: Rather than adding $100 a week on top of existing unemployment benefits, states could count existing benefits toward their share. In other words, unemployed workers would get an extra $300, not $400.

States still have the option of providing an extra $100, but few if any are expected to do so.

“They’re stretched,” said Andrew Stettner, a senior fellow at the Century Foundation who has been studying the unemployment system. “They don’t have money for masks for the teachers in their schools. They’re probably not going to come up with an extra $100 for everyone on unemployment insurance.”

The lowest-paid workers won’t qualify for the extra money.

Under guidance released by the Labor Department on Wednesday evening, the new program will be available to people who certify that they are “unemployed or partially unemployed due to disruptions caused by Covid-19” — but only if they already qualify for at least $100 a week in unemployment benefits.

That provision would exclude roughly one million people, nearly three-quarters of them women, according to Eliza Forsythe, an economist at the University of Illinois.

“They’re the people who need it the most,” Ms. Forsythe said. “They were low paid to begin with, and then being singled out for not getting this benefit I think is really cruel.”

It isn’t clear why the $100 minimum was established. Mr. Trump established the benefit under a federal disaster program that requires states to cover 25 percent of any costs. But that rule applies to the overall program, not to individual recipients. People receiving money under the Pandemic Unemployment Assistance program, for example, qualify for the $300 a week even though that program is entirely funded by the federal government.

It could take weeks for the money to start flowing.

Even for those who qualify, it could be weeks or even months before they begin receiving any extra money. States will need to adjust to the new provisions when they are already overwhelmed by unemployment filings.

It took months for some states to begin paying benefits under the Pandemic Unemployment Assistance program — which extended benefits to cover independent contractors, self-employed workers and others left out of the standard unemployment insurance system — in part because of archaic computer systems that are difficult to reprogram.

“We think it would take months,” William G. Kunstman, a spokesman for the Hawaii Department of Labor and Industrial Relations, said in an email. He cited the difficulty of reprogramming the state’s computer system to comply with federal requirements.

Even states with more modern computer systems said it could take weeks to get the new supplement started. Bill McCamley, secretary of the New Mexico Department of Workforce Solutions, said that his state was among the first to get the pandemic assistance program up and running, but that it still took nearly a month.

“Even in our system, which is very modern in the unemployment world, it’s still going to take us time to do it right,” he said.

Mr. McCamley also warned that a murky timeline could prompt further confusion and distress for people seeking the new benefit. After Mr. Trump signed the $2.2 trillion stimulus into law on a Friday in March, Mr. McCamley said, his office returned Monday to thousands of calls seeking the aid — even though it would take about a month to streamline the new benefits and programs.

“The message went out that this was done, and there was not a concurrent one saying this doesn’t happen at the flip of a light switch,” he said.

Trump administration officials contend that the new program will be faster to put in place because states have gained experience during the pandemic. But even these officials say it will probably be weeks before workers start receiving the money.

The money won’t last long.

The program is retroactive to Aug. 1, meaning that workers should eventually receive payments for all of August.

But Mr. Trump’s executive action caps spending on the program at $44 billion, enough to cover five or six weeks of benefits, assuming all states sign up. That means the program could end almost as soon as it begins.

It is still possible that Congress could either revive the original unemployment supplement — though probably at less than $600 a week — or appropriate more money for Mr. Trump’s replacement.

But any deal appears far off. Democrats in the House voted in May to extend the $600-a-week enhancement through the end of the year as part of a $3.4 trillion stimulus measure, but Senate Republicans have refused to take up that bill. The $1 trillion proposal unveiled by Republicans last month calls for a supplement averaging $200.

Democrats argue that a legislative solution is the only way to provide workers with certainty.

“The Labor Department’s new guidance leaves many unanswered questions,” said Senator Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, who helped negotiate the original $600 benefit. “Workers struggling to pay rent and buy groceries are not going to see benefits they were promised any time soon.”

Workers are left in limbo.

For unemployed workers, the uncertainty over benefits means not knowing when they will be able to pay down the credit cards, or whether they will be able to make rent on Sept. 1. For those already struggling to get help from overwhelmed state unemployment offices, the prospect of further delays is even more frustrating.

David Moniz started a job in March as a resident chef at Sur La Table, the kitchen goods retailer, in San Jose, Calif. His timing was terrible: After he spent one day on the job, the store shut down because of the virus, and he was furloughed.

It took Mr. Moniz, 29, weeks of calling to get through to California’s employment office and file an unemployment claim. Then, after a few weeks, his benefits abruptly stopped. His file is shown as “pending” on the state website, and despite endless hours of calling, he has been unable to get through to address the problem. He hasn’t received a check since June 1.

Without any money coming in, Mr. Moniz has burned through his savings and racked up debt. He has $28 left before he hits his credit limit, he said, and owes $200 in late fees and penalties to his bank, Wells Fargo.

“Wells Fargo calls me more than anyone in my family does because of my account right now,” he said.

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newstfionline · 7 years ago

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Venezuela’s migrant crisis is reshaping Latin America

Anthony Faiola and Marina Lopes, Washington Post, August 30, 2018

BOA VISTA, Brazil--Settlers from across Brazil built this 20th-century city, creating an orderly urban space dotted with palm-fringed lawns and manicured parks. Its residents lived in relative isolation, with the most common outsiders being the anteaters wandering in from the Amazon jungle.

Then came the Venezuelans, streaming out of their country in Latin America’s largest migrant crisis in decades.

Waves of newcomers are overwhelming Boa Vista, inundating hospitals and sparking a 1,000-percent increase in emergency calls to police. Schools are scrambling to put up bilingual signs for Spanish-speaking students reaching Portuguese-speaking Brazil. Thousands of migrants are living on the streets, willing to work for a third of the wages of Brazilians. Refugee camps have sprung up in the urban core, giving rise to fears of long-term ghettos.

Boa Vista residents “are losing their city to people of a new culture, people they don’t know,” said the mayor, Teresa Surita. “If this continues, we will lose total control of this city.”

As their numbers skyrocket, Venezuelans fleeing hunger and repression in their collapsing socialist state are reshaping cities and towns across the Western Hemisphere. The sound of Caracas slang is now ubiquitous in some Miami neighborhoods. Thousands of miles to the south, the scent of Caribbean cooking wafts through streets in Santiago, Chile. In English-speaking Trinidad and Tobago, Venezuelans make up a new working class.

Aid groups estimate that between 1.6 million and 2 million Venezuelans will leave their nation this year, escaping hyperinflation and desperate shortages of food and medicine. Those numbers are on top of the 1.5 million Venezuelans who left between 2014 and 2017. Roughly 1 in 10 Venezuelans will have left their country in a four-year span.

Compared with the European nations receiving Syrian refugees in recent years, Latin American countries have few resources to cope with the deluge of migrants. In recent weeks, Peru and Ecuador started insisting that arriving Venezuelans have passports, not just national ID cards, effectively closing their borders to many.

Brazil has kept its doors open. But this week, President Michel Temer signed an emergency decree sending additional troops to the northern border to reinforce a military contingent there. The sudden migrant influx is raising concerns about crime and lawlessness, as well as deeper questions about identity in a country that was long culturally walled off by its distinctive language and habits.

As that change accelerates, initial sympathy for the migrants is turning to shock, and shock is turning to rage--bringing the global debate over immigration to perhaps its most remote outpost: the Amazon region.

“Trump should be our president,” said Marcos Pereira da Silva, 43, a house painter who joined an anti-migrant protest in Boa Vista one Saturday in mid-August. That day, hundreds of angry Brazilians in the border town of Paracaima went on a rampage, bulldozing a makeshift migrant shelter and burning its occupants’ belongings after the stabbing of a local merchant.

“We need a wall,” Pereira said.

Boa Vista’s newest and fastest-growing migrant enclave is Rondon No. 1, a sprawling settlement of rows of durable plastic shelters that is home to more than 600 people. It is one of six emergency housing centers that have gone up here since March. Built by the army and operated with the aid of the United Nations refugee agency, the centers are bringing to Brazil an alien concept: refugee camps.

For those fleeing Venezuela, Boa Vista is the first big city south of the border, and the capital of Roraima state. Venezuelans began trickling in three years ago as their country’s petroleum-based economy slid into crisis because of plunging world oil prices and government mismanagement. By now, 800 Venezuelans a day are crossing into the state. Officials estimate 30,000 Venezuelans are living in Boa Vista, or 10 percent of the city’s population. By year’s end, they say, 1 in 5 residents could be Venezuelan.

On a recent afternoon, the city’s newest residents grilled arepas--Venezuelan corn cakes--on portable stoves. Salsa music, foreign in this country-music-loving city, blared on radios as residents chatted in Spanish.

It feels almost like a Venezuelan neighborhood, said Marisol Martinez, 38, who arrived here alone seven months ago. She has put on some weight after losing 20 pounds at home because of a lack of food and has picked up some Portuguese at a local church. “Falo bem, não, é?”--I speak well, no?--she joked, testing out the language.

She sends most of the money she earns cleaning houses home to her children. But she wants to launch an arepa business and earn enough to bring her children to Brazil.

This kind of regional migration was once exceedingly rare. No more.

“My children are not eating, they’re going to bed hungry, because that’s Venezuela,” she said. “Brazil is giving us a chance.”

The shelters are meant to be temporary, but many people in Boa Vista are dubious.

“This is the ghettoization of Boa Vista,” said Maria Suely Silva Campos, governor of Roraima state, of which Boa Vista is the capital.

She has gone as far as asking the Brazilian Supreme Court to close the border. Thus far, it has ruled against her, but she said she is determined to stop the influx.

Inside the gates of Nova Canaã Elementary School, the daily lunch menu is listed in Portuguese and Spanish. The bathrooms also have bilingual signs. A wall banner offers a “Welcome” in both languages.

Some U.S. cities coping with large numbers of immigrants took years to face the kind of challenges now confronting Boa Vista at lightning speed. In 2015, there were 53 Venezuelan students in Boa Vista’s school system. This year, the number is 2,261. And most Venezuelan children here are not enrolled in school.

To cope, the city is ordering 50 shipping containers to use as overflow classrooms.

“Most of our teachers don’t speak Spanish, so we don’t have a curriculum for the Venezuelan kids,” said schools superintendent Hefrayn Lopes. “At the same time, we think they need to adapt to our culture. We shouldn’t adapt to theirs.”

Boa Vista--the poorest state capital in Brazil--has not received enough aid from the federal government to handle a refugee crisis, local officials say. The majority of Venezuelans arriving, they say, are malnourished. With medicines scarce and conditions deteriorating in Venezuela, many are also ill--arriving with measles, malaria, HIV infection and tuberculosis.

At the 300-bed Roraima General Hospital, the largest in Boa Vista, Venezuelans now make up more than 50 percent of patients. With the hospital well over capacity, the sick lie languidly on beds in the corridors. On a recent day, one Venezuelan with complications of diabetes moaned as he lay on his side, waiting for doctors to amputate one of his legs.

“We’ve had to delay all nonemergency operations for Brazilians, some by months,” said hospital director Marcilene Moura. She added that the Venezuelan patients are arriving with startling illnesses.

“Today, we no longer see patients with just a fever,” she said. “They come with cerebral malaria, gunshot wounds and meningitis.”

Despite sharing borders with seven Spanish-speaking countries, Brazil stands apart in Latin America. The country looks toward the United States, Europe and China as economic and cultural touchstones. Brazilian students are more likely to study English than Spanish as a second language. Fashion, cinema and culinary trends tend to come from Hollywood and Paris, not Buenos Aires or Mexico City.

For Boa Vistans, the newcomers represent a culture shock.

On a recent afternoon at a town market, a Venezuelan musician picked up his guitar and began singing a Venezuelan folk song outside a restaurant. Venezuelan customers tapped their feet and sang along.

But the festive atmosphere soured a few stalls down.

“It’s like they have no limits,” complained Nelle de Maciel, 63, a Brazilian seamstress who has worked in the market for five years. “Their life is a party. Our market used to be calm, but now they get together to sing and dance. Sometimes they even clap their hands. We aren’t used to it. When you go to someone else’s house, you need to adapt to their way of life.”

Many in the city also fear the desperate Venezuelans will undercut them in the local job market.

Paulo Sergio Rodrigues, 58, a contractor in Boa Vista, lost half his income after Venezuelan day laborers came to town charging a third of his rate. But he said he will not lower his prices. “It would devalue my work,” he said. He has traded his car for a motorcycle to cut costs.

Others, like fruit vendor Valmor Saldenia, 49, blame Venezuelans for a crime wave that is spooking customers. Petty thefts--particularly shoplifting at grocery stores--have increased sharply, police statistics show.

“People are leaving the market. They are scared their bikes and food will be stolen,” Saldenia said.

Saldenia, who sells corn for the equivalent of 30 cents an ear, says his business has fallen by 50 percent since the Venezuelans began arriving in large numbers.

Just yards away at the entrance of the market, Robert Jimenez, 37, was selling corn for about 16 cents an ear. He earns only a few cents of profit per ear and measures success by survival. On a good day, he’ll eat. On a bad day, he won’t.

A former factory worker from the northern Venezuelan city of Maturin, he came to Brazil two months ago, almost starving. He rented a room with his brother, then they were evicted. The brothers had paid their rent, he said. “But I don’t think they liked Venezuelans.”

Now he’s sleeping on the street.

Despite his low prices, it’s hard to lure Brazilian customers. Many walk away, he said, when they hear his accent. One anti-migrant local threatened his brother with a gun.

At the end of a recent 17-hour workday, he had not sold a single cob or eaten a meal.

Asked how he was doing, he said: “Excellent. I’m still alive.”

#Brazil #Boa Vista #Venezuelans in Brazil

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sparklyeaglepoetry-blog · 7 years ago

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Auto insurance for a teenager in a mustang?

I'm a female, 16, turning 17 in June. I have over a 3.6 GPA. I was rear ended about a month ago (not my fault) and I found a few mustangs (2003-2007). Anyway, I was wondering about how much insurance would be. Serious answers please?""

Can I change my car insurance before the year is up?

I have found a cheaper quote but my insurance doesn't run out until next year

Car insurance beginner.?

i am a 16 year old, good grades, i might get a Honda civic hatchback, does any one know where i am able to get a good insurance company and still pay low amounts in california""

Cheap car insurance for a young driver on a VW Golf?

Where would be able to find the cheapest insurance for my Golf 1.6. I'm 17 years old and I'm going to be a named driver on my dads name (him being the main). The cheapest I can find is 2000. If anyone could find me a good website to find an insurance quote cheaper than that; it would be fantastic! Thanks in anticipation

What car insurance company would you recommend?

Yeah im 20 years of age and im just going to get my license. Yeah i know...why did i wait so late. But now i want to know what car insurance company would be good. I don't have a huge budget to spend but i do need insurance. HELP ME OUT...

What to do with a conditional discharge and a car insurance?

My friend had a court on 25/08/2012, where he has been conditionally discharged for 12 months. His car insurance was due to be renewed on 28/08/2012. He was buying the car insurance ...show more""

Motorcycle cost monthly?

Hey guys, I have some questions for you. I am 17 years old, and want to buy my first motorcycle (supermoto). I think I have a good idea on what it costs, but i'm just unsure. First off, i'll need to get my license. What'll that cost me? (California). I do have a car license, so getting the motorcycle license should be short and sweet, but i dont know. secondly, i'm going to get some motorcycle gear. I figure I'll be in 500$ with both license and gear (nice used leathers probably). Then i am going to get the bike which costs $4000. Being a supermoto, the insurance should be cheaper right? DRZ400sm if that helps. So between monthly payments and insurance, I should be in... 200$ a month? then gas, social life, blah blah. What do you think I need to be making monthly to make this happen. I bring in 500$ a month, and have 600$ in the bank as of now.""

When getting an insurance quote do you have tell them what your tickets have been reduced to or....?

I am going to get an insurance quote and need to know if I can tell them what my tickets were reduced to or if I have to tell them what I was actually pulled over for.

https www.usaa.com inet wc auto_insurance_quote_main

Cheap Car Insurance For Michigan Teens?

I'm 18 a male and would like any suggestions for some the cheapest car insurance i can get in Michigan if I'm a teen.

Car insurance 17 year old?

I'm turning 17 in April, I was just wondering what the average car insurance prices for somone who is 17. I tried getting a quote but seeing as i dont actually have a car yet, its been quite difficult. How do they give quotes, based upon engine size, make or something completely different? Thanks.""

Insurance Coverage for Motorcycle Helmet and Jacket?

I recently Just completed a claim for an accident I was in, The insurance (progressive) is going to reimburse me for the Jacket and Helmet. The Helmet has a little scratch on the lens and that's it. the lens is easily replaceable. the Leather Jacket has a light scuff on the arm. I spoke to the local claims representative and He said that he will come by and pick up the Jacket and Helmet and throw them away. I thought I was told with the when I bought the policy that I can do whatever I want with the Accessories, meaning I could throw them away or use them or fix them up. Now what I want to know... Is the Claims representative trying to get the Jacket and Helmet for himself or is this really Policy? to throw away $600 of equipment that's still in great shape and hardly used?""

16 yo male car insurance cost?

I will be driving my moms 2011 ford fiesta i have taken drivers ed i live in Ohio and the good student offer wont use how much does drivers ed take off

Auto insurance quote with unreported accidents? What will happen?

A friend has 3 accidents in her driving record. She got an auto insurance quote without mentioning any accidents. The company sold her the insurance without any further verifications. Is that a big problem? In case of an incident in the future will the company check her records and create any problems like not approving claims or so? Should she just ask for a refund to prevent further problems. What is the worst that can possibly happen? We are kind of newbies here. Please advise...

Best health insurance for single young adult?

I am looking for a decent health insurance plan that will not cost me and arm and a leg but will still give me good coverage. I am self employed (a cosmetologist) so obviously my company does not supply it. I want it to cover health and dental. Any suggestions?

Car Insurance Question No 2?

Prior to my last question regarding car insurance, I wonder if someone could answer me this please. If a person gets rid of their car but wants to keep driving, say a friend/s car or hire car etc, can they still take out car insurance without owning a car and if so what do you ask for when contacting an insurance company. Thanks""

How much info do the govt have on what sort of car insurance u have?

Like as long as I have an insurance certificate am I sweet until I have an accident? Or if I give the insurance company wrong info for a cheaper quote will the govt find out? If so how? My mates had his car for ages and has no insurance and the police have never said anything to him Cheers

How much would be my insurance If my car is being registered in my name?

I am 21 years of age and I am planning to buy a used car to like 1998-2000 models which are not reasons for me to pay a lot for my insurance.

Am I being cheated by the car insurance company?

I was on a bike and I accidentally hit someone's car and broke the back windshield. Nothing else on the car is damaged except windshield. Later the car owner's car insurance company (state farm) send me a payment of $1700, and they have a subrogation service (Afni) to collect payment. First of all, I believe it DOES NOT cost $1700 to replace a back windshield, like I mentioned, nothing else was damage except the windshield on the back. How is this amount calculated? The subrogation service has been pressuring me to pay the amount. I will pay for the damage but I don't believe I have to pay this much. Could this be the owner of the car falsify the claim? What should I do? I don't have car insurance, I was on my bike. It was a total accident.""

Homeowners insurance????

Can anyone give me some good companies for homeowners insurance? What do you use? What is the average monthly payment for the policy? I need this info - I will be closing on a house in a few weeks and need to get homeowners insurance. I'd like a cheap policy so my monthly payment will be lower. (I might increase later). Thanks!!!

How do Doctors get paid by insurance company?

Why does my car insurance keep going up despite NEVER making a claim since I passed my DT In Nov 1992?

Where is my incentive to drive safely.. I might as well protect my NCB and drive like a f++king lunatic.

Ii need a dentist with no money or insurance. ?

Hello every body how u doing? Me I'm good i just have a real deep situation i need help with. Okay I'm 33 year old female I'm here in san diego. I have had a rough life. Im n need of answers for dental. I haven't been to the dentist in years i need work. Its been so long and I'm inbarest to open my mouth. I'm not working and i have no money saved up. I live with my mom and brother which receive ssi so my momma and brother help me. And i have no insurance. I really need to smile again i don't kw where to start every thing neg shuts me down. So is there any answer for me.

Why is auto insurance so expensive?

I am 17 years old and male, I'm also about 3 weeks from 18. I recently got a quote from Geico on a 97 Ford Explorer and they returned with $280 A MONTH for minimum coverage! My question is: -Are there any other options that would be cheaper than 200? Possibly around $100 to $150? -Would being added to my family's plan be cheaper? My dad owns a mustang and we also have a Ford Explorer, is Geico going to charge more even if I don't ever drive the mustang? -What can I do too get a cheaper quote? I can't afford nearly $300 a month! -I'm almost 18, Male, A Senior in High School, Currently Employed, Have average grades, Never had a DUI, car accident, and never been arrested. I'm not married as well. Any help would be appreciated! Thanks! -Shawn""

""What insurance company is the best to work for,as an agent?""

Which insurance company is the best to work for as an agent?..Allstate,American Family,Statefarm,Nationwide...etc""

Get a insurance quote on 2010 honda civic?

i just want to find out how much do you guys think the insurance would be for a person with the following: 1) NYC license of less than 2 years, age early 20s 2) full insurance coverage since it's new 3) registered somewhere in southern part of Staten Island 4) the car ran 2-3 red lights within the past 1 1/2 year, got camera ticketed the car is covered by AllState, i just want to find out how much is the car's insurance now, i am not the car owner, would it possibly be at 4-5k/year, since the car was ticketed a few times, thanks""

Would insurance for a mustang cost alot for a 16 yr girl with a B average?

i would be on my dad's insurance. i wouldn't get a new one; the one i'd get would probably be from the 80's or 90's. and if it would be alot, is there another fast-looking (it doesn't have to actually be fast) that wouldn't be too expensive for insurance?""

How much could my insurance increase?

I ended up scratching the corner of my car after trying to get into the only parking spot available (some guy was over the line). It was on a chain link fence, no one got hurt, and I only have to worry about paying my problems, no one else's. I'm 19 and use my parent's USAA insurance. I went in for an estimate to see if it would be possible to cover it without using my insurance at all, but the damage was apparently worse than I thought, as they quoted about $1,550. I could potentially cover this with my upcoming paycheck (I think, don't know for sure), but would it be better to pay for it myself or use the deductible from USAA and see my parent's insurance rise? I know there are a lot of variables, but how much could our insurance potentially increase?""

""'96 Saturn Sedan SLI 4 door, Totaled, accident insurance offered $2700. buy back $530. fair?""

'96 Saturn Sedan SLI 4 door, Totaled, accident insurance offered $2700. buy back $530. fair?""

How does a wrecked car loan payoff (by insurance company) affect credit score?

I have a car that I have a loan on that has been wrecked. Since the bank owns the car, I have full coverage & insurance is writing it off. They are going to cut a check to the bank for the balance due on the car. I have so far paid this loan on time; it has been rebuilding my credit. When the loan is paid off by insurance, will I get more points to my score since the loan was technically paid off early? Or will I only gain based on my status as paid ontime at this point?""

""If i have full coverage for car insurance that covers theft, how much should i get?""

esurance if it helps, do i get what i paid for the car when it was new or the bluebook value""

What car insurance coverage do you really need?

I have an 2002 honda civic that is worth about $7,000 with 112,000 miles on it. I have collision, death and dismemberment, uninsured motorist. I have a 1,000 deductable, but I am paying $110.00/ mo and want to reduce my payment. Is it a bad idea to drop uninsured motorist or death and dismemberment? Can someone explain what all the car insurance options are? I don't have dependents, but a already have free life, health insurance, and disablility insurance through my employer if that makes a difference. I would call my agent, but I think he must be have busy or smoking a joint out back for the last couple of weeks because he doesn't call me back.""

Progressive auto insurance? or AAA..which one is cheaper?

in terms of (monthly payments)

Ticket for no license and no insurance?

I'm 17 and I got a ticket for not having a license or permit, failure to yield to an emergency vehicle and no insurance in California. How deep will this ticket dig into my pockets? Over $500? Big thanks if you can help me out.""

https www.usaa.com inet wc auto_insurance_quote_main

Cheap car insurance for a 21 year old?

Okay, i am 21 and in August it will be 3 years since i got my New York State drivers license, Will insurance be chaper for me after the i have been licnesed for 3 years?""

Could I swap my 50cc scooter's insurance to another bike?

Hey everyone, I was wondering if I sold or swapped my 50cc scooter and got a 50cc geared bike could I get the insurance from the scooter and put it on the new geared 50cc? If so would it affect anything? or cost me money? Would be a massive help if someone could help me out! Thank you for advance :) Information which might be helpful: I paid for 1 year in one payment (annually). I paid for the insurance last month so I still have a lot of insurance time left. Don't want to waste money!""

Car insurance quotes?

Is there any place to get a car insurance quote without entering in a bunch of personal information? I am looking for quotes for a sedan, coupe, and SUV for a new 16 year old male driver. (Im trying to decide what a good deal is, and what is worth buying)""

I do not have any health insurance. Where can I find a psychiatrist to talk to in VA that is affordable?

Gap Cover Insurance-Australia?

I have my car on finance on a 3yr contract. I was told that I'm paying for 5yrs of gap cover but only using 3 and at the end of my term I should get a sum back. How much does Gap cover cost? I want to work out how much i'll get back.

How am i meant to afford car insurance?

OK, Im working at island, earning minimum wage. Im at uni and Ive got to pay out 330 every term to pay my train ticket. Lucky Im staying at home so I dont have any rent. Nor am I going out drink anymore. Im looking to buy a car, to get around, get to work easier etc. How I cant see any way for me to afford this. My parents wont help, saying no one helped them. This is understandable as they are keeping me for free, although i clean the house as rent. Im just wondering if anyone knows anyway I can get insurance cheaper (I have pass plus). I just dont really want to get a loan for a car and insurance.""

Does an insurance company have to insure a rebuild title?

for a car that has been rebuilt does the company have to insure it?

What is car insurance?

Just car insurance definition not more other else. It's for my own mind calculation.

250CC motorcycle insurance-How much should I expect to pay?

I am looking to buy my first motorcycle. I am looking in the 250CC category. I have narrowed down to 1. Yamaha Virago 2. Honda Shadow I am 29 yrs old male with good driving record for car. Have good credit history. How much should I expect to pay for insurance for the motorcycle if I buy 1. NEW 2. USED (my preference). I would probably look for a MB with 10-15K on it.

Can I lose my job for not having insurance?

I have heard so many different things. But I called my job today and I found out that they are offering insurance but it is to high to buy for me because it would cost $30 per week. ...show more

How much should insurance be for a 19 year old?

im a 19 year old male and i am going to buy a old 1987 ford f-150, how much should i expect to pay for insurance on my truck?""

""I have no health insurance, ambulance came, but I didn't ride on it?

I fainted at my university and some people called 911. The ambulance came and 2 paramedics check my blood sugar level and blood pressure and that was it... I didn't go to the hospital with them or anything. But of course I had to give them my information and all that.... how much do you think they will bill me? I am terrified of how much it will be because I DO NOT have health insurance. :(

Where can i get the cheapest motorbike insurance?

Hello, am currently 16 but very soon will be 17 and i am going to get my full motorbike license so i can rid a 125cc motorbike. I have been looking around for insurance quotes and so far all have been very expensive even third party only at around 900. The motorbike i want to get is a yamaha r125 yzf and am wondering if any of you have some advice?""

Alloys and insurance?

If i wanted to put alloys on my car, will my insurance go up? Thanks""

Are you supposed to have car insurance at 15?

i just thought of this just now and i remember having to pay for auto insurance at 15 just for a school permit for school and back and i hear some people dont have insurance was i right to pay for it or was i tricked because he says you have to be 16 and said he'll accidentally put that i am and say it was a mistake to the company, i think this is a trick but idk and again others dont pay for insurance but were they just too cheap to do it and risk the consinquence? or did i get tricked back then by my insurer""

How much is insurance on a Oldsmobile Alero or a Toyota Echo???

I am currently looking for a new car, and I'm trying to find a car with a good safety rating, dependable and low insurance. Can anyone help me in my search?""

""Why do all of my car insurance quotes start at 5,000?! (20 years old)?""

Hey, hopefully you can help me. I have been looking at car insurance online (moneysupermarket.com) and I had 16 quotes come back to me from different providers, ranging from 5,550 - 9,860!? I have no health or sight problems, no convictions etc... I'm just a simple standard applicant. I am 21 years old in August, female and looking to insure a Ford KA 2000 1,3 living in west midlands. I really expected insurance to be around 1,500 maximum, am I filling in the application wrong?!""

Cheap Insurance for 17/18 year old in UK?

Currently I'm 17, going for my practical soon, I checked insurance for myself and it's over 15000 for a Vauxhall corsa 1999 reg. Does anyone know where to get cheap car insurance for under 25's?""

How can you get insurance on a car that is not in your name?

What steps should be taking to get insurance on a car in your name that is in a relatives name? But, you are taking over the car payments and paying them the money on a car that is still in there name.""

How much of an auto insurance discount does a family get for having more than one car?

Why has my health insurance coverage gotten worse under the Affordable Care Act?

This was supposed to be affordable, but it's making everything worse!""

Auto insurance company that wants me to pay upfront?

I need general information concerning auto insurance complanies that pay claims directly to the driver. They want me to absorb all costs (repairs, rental, etc.) and then they will issue me a reimbursement check. I don't want reimbursed for something that their insured driver did to me! I just want them to cover all costs associated with the claim! What, if any, legal action can I take to have the matter proceed in my favor?""

How much is insurance for a 17 year old in NY???

I'm thinking on getting a honda prelude 98-2001.

How can I get a better auto insurance settlement?

I was involved in a collision recently. The other partys insurance company (met life) agreed that it was their clients fault. However, the other party had a witness saying I was speeding which I knew I was not. The claim adjuster from met life told me that there maybe a high possibility that theyll only give me 80% of the repair cost once it is proven that the witness doesnt know the other driver. If thats the case, is there a way to get a higher %? Or Ill need to fill a lawsuit against the other driver? PS: I do not have full insurance coverage, thats why Im dealing with Met life myself. I have not gone to get an estimate on repair cost yet, but will do tomorrow.""

Cheap car insurance!!?

I am paying to much money on my car insurance i really need help to get a really good cheap car insurance!! I live over highstown nj usa if anyone can help tellin me a good insure!!! Thanks for u help!!!

https www.usaa.com inet wc auto_insurance_quote_main

https://www.linkedin.com/pulse/tip-cheap-car-insurance-my-18-year-old-daughter-daniel-thomas/"

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samuelfields · 7 years ago

Text

What is a bad credit score (and what to do about it)

The world of credit scores can be confusing. It’s filled with esoteric jargon like “credit risk” and “FICO.”

I want to help you cut through all the BS and get down to one really important question:

What is a bad credit score?

The answer? Anything less than 670.

Anything below 670 and you’re at risk for higher interest rates on loans (if you get approved at all), getting denied an apartment rental, or even passed up on a job application.

But there is hope. You can improve your credit score even if your score is less than 670.

We know because we talked to someone who has been there.

How this entrepreneur crawled out of debt and escaped her bad credit score

Credit score then: 600 – 650

Credit score now: 789

Debt owed: $12,000 in credit card debt and $35,000 in student loans

Meet Kelsey Jones.

Kelsey is a writer, entrepreneur, and founder of a marketing company called Six Stories. Though her business is thriving and she and her husband are on solid financial footing, that wasn’t always the case.

In fact, her credit score took an absolute beating after college due to a problem that happens to many college students: They don’t understand how credit cards work.

This put her in a prime position to fall into debt and kill her credit score before she even graduated.

“I got one of those credit cards you get at a tent with a free t-shirt,” she says. “My parents told me nothing about credit card debt and managing money as I’m sure most don’t, so I had no idea how to manage a credit card and use it to my advantage.”

Due to her inexperience with cards, she didn’t understand the dangers. Like many people with bad credit, she was drawn in by flashy sign-up offers and bonuses. She wound up opening credit cards at stores such as American Eagle and Victoria’s Secret, as well as the major card companies like American Express and Discover.

This behavior eventually led to a sizeable amount of credit card debt. Kelly wound up owing roughly $12,000 in credit card debt when she graduated in 2008 on top of the $35,000 she owed for student loans.

Her credit score soon plummeted — and was further exacerbated by late payments.

“I sometimes paid my bills late because I just didn’t have enough money,” she says. “I was so broke when I graduated! I vividly remember my paychecks every two weeks were only $730. Meanwhile, I had to pay for my one-bedroom studio, car, cell phone, and all the other bills that come from truly being on your own.”

She adds, “My rent was almost the equivalent of one entire paycheck!”

I felt like I was “less than”

Being in debt and having your credit card debt can take a mental and emotional toll on you as well as a financial one. In fact, researchers have found that there’s a strong correlation between debt and mental health issues.

Debt can be both the cause and symptom of depression and anxiety — and it’s only exacerbated by the fact that many just want to ignore their financial problems.

“I buried my head in the sand for a long time,” she says. “I justified it for a while so I didn’t have to confront the angry feelings I had at myself for getting myself in that situation — specifically from credit card debt.”

For anyone who has ever been in debt, this feeling of anger and guilt should be familiar. When combined, it creates a potent mix that can be debilitating leading to inaction.

That’s why the first step in our system to getting out of debt fast is simply finding out how much you owe. When you confront your debt head-on, you provide yourself with a powerful mental boost that can help you eliminate it completely.

For Kelsey, though, that was easier said than done.

“I felt like I was ‘less than’ because I couldn’t get my shit together well enough to really take care of it,” Kelsey explains. “I felt so out of control of my life and wasn’t ready to be so broke after college. For some reason, I thought things would automatically get better, without me actually having to do anything.”

The wake-up call

It wasn’t until one day when her husband sat her down that she finally had a frank discussion about her finances: Something needed to change.

“Him coming to me about my debt was a wake-up call for me,” she says. “I couldn’t hide anymore.”

Debt is one of the biggest and most common barriers to living a Rich Life. And in their discussion, Kelsey realized that it was getting in the way of everything she and her husband wanted in their lives.

“I wanted to stop being a victim,” she says, “and dreading everything to do with money.”

Credit score improvement game plan

Kelsey’s plan to improve her credit score and escape her financial advice was threefold.

Step 1: Set a goal

First, Kelsey made the conscious decision to escape debt.

“I decided that this was it,” she says. “I was done being in debt. You have to make the conscious decision that you are done being ‘that person.’”

Though it may seem like a no-brainer, many people still put their heads in the sand and avoid their situation entirely — but that’s exactly what your lenders want you to do. They want you to avoid your statements. They want you to just pay off the minimum every month so you owe more interest. That’s how they make money.

Which is why one of our first steps in our credit score improvement system is to find out how much you owe. Once you do that, you’ll know how you can approach paying off your debts.

For Kelsey, the decision to confront her debt was a game changer.

“I went to Staples and bought a huge piece of poster board and bright markers and hung it up in my office,” she says. “I created a bar chart with months at the bottom and debt amount on the side. At the end of every month, I updated the poster board with different colors. It was awesome to see the bar graph trend down.”

Kelsey began to obsess over crushing her debt. She even leveraged this debt calculator spreadsheet whenever she made a financial transaction.

“I constantly updated it when I made payments and even made extra copies of it to test scenarios like ‘What would happen if I paid extra on my Discover card payment?’ or ‘What if I paid off this loan versus the other one?’” she explains. “Just knowing I could be debt-free in X number of months kept me going.”

Step 2: Pay down the debt by any means necessary

Kelsey also made sure that every piece of extra money she received went towards paying down her debt. This meant sacrificing a few things she loved in order to do it.

“We didn’t go on any trips and I didn’t go out to eat with friends as often as I used to,” she explains. “I still didn’t deprive myself, I simply cut down a little.”

She continues, “Any additional extra money, like tax returns, birthday gifts, and even the brand new MacBook I won in a contest, all went toward debt. It was extremely sad to ship that new MacBook to its new owner after I sold it on eBay — but I was obsessed.”

Step 3: Earn more money

Kelsey also leveraged a tried-and-true IWT method of attaining a Rich Life: Earning more money.

“I had my own digital marketing business at this time,” she recalls. “So the amount of money I made was completely up to me. I went into overdrive mode. I asked existing clients for more work and I sent pitch after pitch to potential new clients. I worked probably 50 hours a week … often until 9 or 10 at night and on the weekends, to hit my goals.”

The results

This diligence and hustle ultimately paid off when nearly two years later, she found herself debt-free.

“I still vividly remember sitting on my bed and submitting that last payment to Sallie Mae,” she says. “I promptly had a dance party in my bedroom for a few minutes, and then immediately started making my credit cards work for me.”

That meant putting in place a proven system of (say it with me):

“I set all recurring bills I could to be paid via credit card for the points and I paid off the balances completely each month,” Kelsey says. “Knowing how hard I worked to pay off that debt, I never wanted to get into that situation again. Now, about five years later, I still have never carried a balance over on a credit card more than one time.”

And to people with a low credit score, Kelsey has three pieces of advice:

Stop lying to yourself or justifying it. By confronting the uncomfortable truths about your credit score, you can take the steps to improve it. “Put yourself on an all cash budget or open a new checking account that only has your spending money for groceries, fun, etc.,” she suggests. “Your other checking account can be used to pay your credit card balances and other bills like rent.”

Ask yourself, “Where do I want to be a year from now?” It’s easy to make bad financial decisions when you don’t keep the end goal in mind. “Think about if going into more debt is worth it,” Kelsey says. “Will that new computer really make you feel better or will you feel worse because you’re even more behind on your debt?”

Think about your loved ones. Often times, debt doesn’t only affect you. It also affects your loved ones. “Having a child with our income and debt I had would’ve been irresponsible […] Think about how your debt could impact your spouse and your freedom as a family to make decisions and move forward in life.”

Now that Kelsey’s out of debt and she has a good credit score, she’s now in a great position to live her Rich Life.

What is a bad credit score?

Just like with Kelsey, a bad credit score can be emblematic of many financial issues. To understand why a credit score like 670 is bad though, you need to understand how credit scores work.

Your credit score is a number that lenders use to determine how much of a risk it is to lend to you.

This number will typically be between 300 and 850. The higher your credit score, the better you are situated for things like home and car loans.

The actual number is determined by the following information and their associated weight in relation to your score (credit score formula courtesy of Wells Fargo):

Payment history: 35%

Amounts owed: 30%

Length of credit history: 15%

How many types of credit in use: 10%

Account inquiries: 10%

Check out these ranges from Experian, one of the three main credit reporting bureaus, to see how your credit score shapes up:

800 – 850 (Great credit score). I want to take this credit score out to a nice seafood dinner, propose marriage to it, and live out our days in the country. It’s that good. If your credit score is in this range, you’ll have no problems getting a home loan or nailing a fantastic interest rate on your mortgage.

740 – 799 (Good credit score). The credit score you’d be happy to bring home to your parents. This is a pretty good spot to be. Though it’s not the best, you’ll still have no problem getting approved for loans and attaining good interest rates.

670 – 739 (Okay credit score). This credit score range is fine for the short term, but you’re going to want to upgrade soon. At this point, any hit to your credit score will be a bad one.

580 – 669 (Bad credit score). In this range, you’re considered a “subprime borrower,” which means you’re likely not to be considered for a loan at all and will struggle getting approved for simple things like apartments.

300 – 579 (Really bad credit score). Immediate swipe left on this credit score. In fact, delete the app entirely. You are a “deep subprime borrower” and won’t get any good rates and won’t likely get approved for any loans. You’ll want to stick around to find out how exactly you can improve your score.

If you want to be approved for any conventional mortgage, you’re going to need a credit score of at least 620. That’s why any credit score below 670 is a bad credit score. At that point, even the smallest hit to your credit score can affect your interest rates and loan approvals.

Miss a payment? Those missing payments affect 35% of your score.

Close down a credit card? That affects 10% of your score.

Even the lender simply opening up an inquiry to your credit hits your score by 10%.

That’s why it’s so important to be aware of your credit score and improve it when it’s bad.

“I have a bad credit score! What should I do?”

If your credit score is bad, you’re not alone. Nearly a third of Americans have a credit score of less than 600.

Also, there’s a chance that you might even be typical for your age range. Check out the average credit score by age as of early 2017 (courtesy of Time):

Age range

Credit score

18 – 29

652

30 – 39

671

40 – 49

685

50 – 59

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brajeshupadhyay · 5 years ago

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The federal aid to unemployed workers that President Trump announced last weekend looks likely to be smaller than initially suggested — and it remains unclear when the money will start flowing, how long it will last or how many workers will benefit. The uncertainty comes at a delicate time for the economy. New applications for state unemployment benefits fell below one million last week for the first time since the pandemic took hold in March, the Labor Department said Thursday. But filings remain high by historical standards, and other measures show the economy losing momentum. A $600-a-week federal supplement to unemployment benefits, enacted to address the pandemic, stopped at the end of July. That has pulled away a key source of support, not just for the nearly 30 million Americans receiving benefits but also for the broader economy. “The status of the financial relief is a huge question mark hanging over the economy,” said Daniel Zhao, senior economist for the career site Glassdoor. Mr. Trump said Saturday that he was taking executive action to provide unemployed workers with $400 a week in extra payments, on top of their regular state jobless benefits. He did so after talks on a new round of pandemic relief stalled in Congress. The Senate adjourned on Thursday until early September, and House members had already left Washington. The departures all but end any chance of a quick agreement on sending stimulus checks to American taxpayers, reviving lapsed unemployment benefits and providing billions of dollars for schools, testing, child care, small businesses, and state and local governments. In the meantime, states are scrambling to figure out how to carry out Mr. Trump’s plan, with unemployed workers wondering whether the money will arrive in time to prevent lasting financial harm. Here is what we know about the program and how it will work. The benefit will be $300 for most workers, not $400. When Mr. Trump announced the program, known as Lost Wages Assistance, he said it would add $400 to workers’ weekly unemployment checks. But unlike the earlier supplement, which was fully funded by the federal government, the program called for states to chip in a quarter of the cost. Governors from both major parties balked at being asked to spend billions of dollars when tax revenues have plunged because of the economic collapse. So this week the administration offered new guidance: Rather than adding $100 a week on top of existing unemployment benefits, states could count existing benefits toward their share. In other words, unemployed workers would get an extra $300, not $400. States still have the option of providing an extra $100, but few if any are expected to do so. “They’re stretched,” said Andrew Stettner, a senior fellow at the Century Foundation who has been studying the unemployment system. “They don’t have money for masks for the teachers in their schools. They’re probably not going to come up with an extra $100 for everyone on unemployment insurance.” The lowest-paid workers won’t qualify for the extra money. Under guidance released by the Labor Department on Wednesday evening, the new program will be available to people who certify that they are “unemployed or partially unemployed due to disruptions caused by Covid-19” — but only if they already qualify for at least $100 a week in unemployment benefits. That provision would exclude roughly one million people, nearly three-quarters of them women, according to Eliza Forsythe, an economist at the University of Illinois. “They’re the people who need it the most,” Ms. Forsythe said. “They were low paid to begin with, and then being singled out for not getting this benefit I think is really cruel.” It isn’t clear why the $100 minimum was established. Mr. Trump established the benefit under a federal disaster program that requires states to cover 25 percent of any costs. But that rule applies to the overall program, not to individual recipients. People receiving money under the Pandemic Unemployment Assistance program, for example, qualify for the $300 a week even though that program is entirely funded by the federal government. It could take weeks for the money to start flowing. Even for those who qualify, it could be weeks or even months before they begin receiving any extra money. States will need to adjust to the new provisions when they are already overwhelmed by unemployment filings. It took months for some states to begin paying benefits under the Pandemic Unemployment Assistance program — which extended benefits to cover independent contractors, self-employed workers and others left out of the standard unemployment insurance system — in part because of archaic computer systems that are difficult to reprogram. “We think it would take months,” William G. Kunstman, a spokesman for the Hawaii Department of Labor and Industrial Relations, said in an email. He cited the difficulty of reprogramming the state’s computer system to comply with federal requirements. Even states with more modern computer systems said it could take weeks to get the new supplement started. Bill McCamley, secretary of the New Mexico Department of Workforce Solutions, said that his state was among the first to get the pandemic assistance program up and running, but that it still took nearly a month. “Even in our system, which is very modern in the unemployment world, it’s still going to take us time to do it right,” he said. Mr. McCamley also warned that a murky timeline could prompt further confusion and distress for people seeking the new benefit. After Mr. Trump signed the $2.2 trillion stimulus into law on a Friday in March, Mr. McCamley said, his office returned Monday to thousands of calls seeking the aid — even though it would take about a month to streamline the new benefits and programs. “The message went out that this was done, and there was not a concurrent one saying this doesn’t happen at the flip of a light switch,” he said. Trump administration officials contend that the new program will be faster to put in place because states have gained experience during the pandemic. But even these officials say it will probably be weeks before workers start receiving the money. The money won’t last long. The program is retroactive to Aug. 1, meaning that workers should eventually receive payments for all of August. But Mr. Trump’s executive action caps spending on the program at $44 billion, enough to cover five or six weeks of benefits, assuming all states sign up. That means the program could end almost as soon as it begins. It is still possible that Congress could either revive the original unemployment supplement — though probably at less than $600 a week — or appropriate more money for Mr. Trump’s replacement. But any deal appears far off. Democrats in the House voted in May to extend the $600-a-week enhancement through the end of the year as part of a $3.4 trillion stimulus measure, but Senate Republicans have refused to take up that bill. The $1 trillion proposal unveiled by Republicans last month calls for a supplement averaging $200. Democrats argue that a legislative solution is the only way to provide workers with certainty. “The Labor Department’s new guidance leaves many unanswered questions,” said Senator Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, who helped negotiate the original $600 benefit. “Workers struggling to pay rent and buy groceries are not going to see benefits they were promised any time soon.” Workers are left in limbo. For unemployed workers, the uncertainty over benefits means not knowing when they will be able to pay down the credit cards, or whether they will be able to make rent on Sept. 1. For those already struggling to get help from overwhelmed state unemployment offices, the prospect of further delays is even more frustrating. David Moniz started a job in March as a resident chef at Sur La Table, the kitchen goods retailer, in San Jose, Calif. His timing was terrible: After he spent one day on the job, the store shut down because of the virus, and he was furloughed. It took Mr. Moniz, 29, weeks of calling to get through to California’s employment office and file an unemployment claim. Then, after a few weeks, his benefits abruptly stopped. His file is shown as “pending” on the state website, and despite endless hours of calling, he has been unable to get through to address the problem. He hasn’t received a check since June 1. Without any money coming in, Mr. Moniz has burned through his savings and racked up debt. He has $28 left before he hits his credit limit, he said, and owes $200 in late fees and penalties to his bank, Wells Fargo. “Wells Fargo calls me more than anyone in my family does because of my account right now,” he said. The post $400 Unemployment Supplement Is Really $300, and Won’t Arrive Soon appeared first on Shri Times News. from WordPress https://ift.tt/3iR3HoL

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