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Have your finances been rocked by the coronavirus? Your credit card issuer might be willing to offer a helping hand, but you’ll likely have to ask for it. As America and the rest of the world wrestle with the COVID-19 pandemic, more daily lives are being upended. Lockdowns, self-quarantines and other drastic measures to stop the spread of the virus are becoming more common here in the U.S., leading to missed paychecks and unpaid time off from work and other hardships. For many Americans, whose financial margin for error is tiny even in the best of economic times, these disruptions can be a really big deal. They can make it hard to pay your mortgage, car loan or credit card bill, for example. The good news is that these disruptions will likely only be temporary, but that doesn’t make things any easier in the short term. Fortunately, you can take steps right now to help your situation: the simplest step is to call your credit card issuer and ask for help. Many credit card issuers have...
When the current pandemic crisis reached U.S. shores, I, like much of the country, looked to our government for information. I overdosed on daily press briefings, stayed up-to-date on death tolls and leaned on my online community heavily. To stay sane, I turned to yoga classes on IGTV, virtual happy hours on Zoom, each and every booty-sculpting fitness class, that DJ D-Nice live session (Auntie Michelle arrived and I almost fainted in my bed) and VERZUZ, the online catalog battle between music legends powered by Swizz Beatz and Timbaland. At first, the nonstop entertainment, born as a response to the pandemic, calmed my nerves, as Black culture tends to do. The music lifted my spirit, the workouts helped me sweat out the stress of uncertainty, and the nonstop Twitter jokes kept my mind distracted. But lately, the volume of content and constant connection has become overwhelming, only boosting my anxiety, not alleviating it. If you’ve also felt the weight of being tapped into every...
The stark reality between the employed and self-employed is all too apparent as we all find ourselves living in the unknown. The only thing scarier than this pandemic is not knowing how you’re going to provide for yourself over the next week, let alone the next few months. We’re now seeing the detrimental effects of what COVID-19 means for our global economy and how most of all it’s impacting a very vulnerable part of our population — freelancers. In 2019, Fast Company reported that 57 million people in the U.S. worked as freelancers, making up 35 percent of the U.S. workforce. Freelancers all take a risk in their respective line of work and there’s always a gamble with having an unstable income and no employee benefits. Over the past three weeks, we’ve seen the coronavirus pandemic grow at an alarming rate, so much so that the entire world is seemingly shutting down. It started with large-scale events across all industries and quickly trickled down to closing all non-essential...
The Coronavirus has caused many companies and major organizations to cancel events and shut down operations in efforts to contain the outbreak. As many decide to self-quarantine and avoid travel, Airbnb and its hosts are feeling the effects in the form of decreased booking. According to CNN , the short-term booking company is now expanding its extenuating circumstances policy and offering customers a penalty-free cancellation option for those who choose to cancel their stay. The penalty-free cancelation policy guarantees a refund on canceled bookings. Airbnb gives its hosts the ability to choose one of six cancellation policies. However, the company holds veto power via its extenuating circumstances policy, which now includes COVID-19 related cancellations. Under these new guidelines, customers may cancel their booking and request a refund within 14 days of the cancellation. Hosts and guests have the option to cancel without facing a penalty for bookings made before March 14 that...