In response to the Coronavirus Pandemic the $2 trillion relief plan was enacted by Washington. Find out what it means, what government benefits, free services and financial strategies you may expect.

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Table of Contents:

What economic impact payments can Americans expect?

Tax Relief

Stimulus Checks

Unemployment insurance

Tax relief

Paid Sick Leave

What economic impact payments can Americans expect?

The $2 trillion relief bill will help Americans to get financial help, cover unemployment losses, cut down on loans repayment and more. Among the measures taken by the Government to assist the US residents in overcoming economic impact problems are:

  • Tax Relief
  • Stimulus Checks
  • Unemployment Insurance
  • Loan Relief
  • Paid Sick Leave and more Coronavirus Plans

Tax Relief

The tax relief has been offered by the CARES Act as well as by the earlier Families First Coronavirus Response Act (FFCRA). These documents put off some federal tax payment deadlines and some federal tax return filing deadlines.

Stimulus Checks

srimulus check   

 
What is a Coronavirus Stimulus Check?
 
Who is eligible for a Coronavirus Stimulus Check?
 
How much Stimulus Check can I get?
 
When will Americans get their Stimulus Checks?
 
How will I get the economic impact payment?
 
Can I get a Stimulus Check if I'm unemployed?
 
Can I get a Stimulus Check if I haven't filed my tax return yet?

Unemployment Insurance

The new relief package includes some important changes of the insurance system available till July 31:

  • self-employed people and part-time workers are now also eligible for the state insurance programs;
  • people who cannot work for a variety of coronavirus-related reasons can also get unemployment insurance;
  • the amount of benefits is increased by $600 weekly
  • the benefits are available within a period of 13 weeks.

Loan Relief

  • If you have a federal student loan, you are allowed to stop making payments from March 13 until Sept. 30 with no additional interest charged.
  • You get an opportunity to put off your mortgage payment if Coronavirus left you broke down.
  • Some private lenders are offering relief programs.

Among the best direct lenders reviewed on our website are:

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

GoGoPaydayLoans offers Payday Loans at affordable rates with convenient repayment terms. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day

$100 - $1000 Payday Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $100.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Loan By Phone offers Payday Loans, Installment Loans and Line of Credit.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $3000
  • Terms: Varied
  • Rates and fees: Vary by state
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Line of Credit
  • 21 years of age
  • Social Security Number
  • Proof of Income (from your job, pension, welfare, or other source)
  • Valid email address
  • Active checking account (open for at least 90 days)
  • Current cell/home and work phone number
Pros
  • All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.
  • Flexible repayment.
  • Available in most states.
Сons
  • High interest rates.
  • If you don't pay back on time your data may be sold to third parties.

 

Indyloan.com offers Personal Loans online at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 - 2 business day

Personal Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • High approval rate even for bad credit borrowers.
  • Online Payday cash advance with no collateral or co-signer.
  • 24 / 7 online service.
Cons
  • High interest rates.
  • Available not in all the states.
  • Only loans up to $5000 are available.

 

Paid Sick Leave

The US workers can get a paid sick leave if they need to take time off because of the Coronavirus outbreak o the following conditions:

  • If you are ill and have been employed for at least 30 days you are eligible for the full pay, up to $511 a day.
  • Some people can qualify for a 12-week paid leave to care for children and get 2/3 of their usual salary, up to $200 a day.
  • Part-time workers will be paid the amount they typically earn in a two-week period, up to the daily limits.
  • Self-employed and gig workers can also apply for a paid leave, but they must calculate their average daily income and claim it as a tax credit.

In case you haven't received your Stimulus Check yet, or for some reason, you're not eligible for one, you can apply for emergency Payday Loans online. You'll get up to $1,000 the same day for any personal needs even if you have bad credit, no permanent employment or stable income.

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