Know the Dos and Don’ts of Your Stimulus Check
As of April 3rd, the US unemployment rate stands at 4.4% due to COVID-19’s impact on jobs and businesses. Citizens are depending on their stimulus checks to help them survive this uncertain and traumatic period of time: these funds are meant to help put food on the table, keep a roof over their heads and buy basic items to help them get by.
Ohio Attorney General Dave Yost notified creditors and financial institutions that citizens’ stimulus checks may not be used towards paying private debt collectors, court judgements and other outstanding debts owed to creditors. Your stimulus check is protected. This means that even if your bank account is garnished or a lawsuit was filed against you because you failed to respond to legal papers, creditors cannot rob you of your stimulus check to satisfy these payments unless it’s for child support.
If you are being hassled by a debt collector during this time, reach out to us online or call (614) 707-4239 to discuss your situation.
What Is the CARES Act and Why Does it Matter?
The Coronavirus Aid, Relief, and Economic Security Act was passed by Congress to provide economic relief and protect Americans from the public health and economic impacts of COVID-19. It is intended to provide fast and direct economic assistance to American workers, families, and small businesses, and preserve jobs for our American industries. But, the CARES act fails to mention who is exempt from touching your stimulus check, leaving it up to states to decide if garnishment and debt collection are allowed.
Luckily, Ohio citizens are protected from creditors and financial institutions, as well as state and federal involvement, garnishment or execution of pursuing their outstanding debts. However, not all those groups will obey this rule. If that is the case, you can depend on our effective, aggressive representation to handle your situation. We obtain over 15 years of experience and an excellent reputation for earning favorable results. Our team is equipped to help you overcome your situation, too.
Don’t deal with demanding creditors alone. You deserve to focus on what’s truly important: Survival.
Call Us at (614) 707-4239 to Help Protect Your Stimulus Check
No matter how large your outstanding debts are, there is no need to focus on paying those off right now. The COVID-19 pandemic is a global crisis that’s impacting millions of people, so your priority should be on sustaining your basic needs such as food, rent, health and household items. We are dedicated to handling creditors on your behalf to ensure they don’t coerce you into paying unprotected debts.
Bill collectors and creditors can wait. Your basic necessities cannot. Discuss your situation with us online or call (614) 707-4239 today!