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Wed Mar 25, 2020, 12:23 PM

Who can tell me some things regarding the

New legislation passed?

Will people be able to delay April rent/mortgage payments?

Will people be able to have credit card payments delayed without penalties?

What about car payments?

Utilites?

Will credit ratings be unaffected?

I tried googling but just wasn't able to find the specifics...

Any answers and/or links that are clear and to the point (if available) is very much appreciated

Thank you and I hope you guys are doing okay.

8 replies, 605 views

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Arrow 8 replies Author Time Post
Reply Who can tell me some things regarding the (Original post)
Upthevibe Mar 2020 OP
TreasonousBastard Mar 2020 #1
rickford66 Mar 2020 #2
Brainfodder Mar 2020 #3
Wellstone ruled Mar 2020 #4
Upthevibe Mar 2020 #5
Wellstone ruled Mar 2020 #6
Upthevibe Mar 2020 #7
Wellstone ruled Mar 2020 #8

Response to Upthevibe (Original post)

Wed Mar 25, 2020, 12:34 PM

1. Maybe, maybe, and more maybes...

We're dealing with some real assholes.

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Response to TreasonousBastard (Reply #1)

Wed Mar 25, 2020, 12:54 PM

2. We'll see what happens

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Response to Upthevibe (Original post)

Wed Mar 25, 2020, 12:57 PM

3. I advise you to be pro-active, easy: Just visit each creditor web site, they you can believe....

If they are doing anything different, it should be crystal clear.

*should*

Good Luck!

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Response to Upthevibe (Original post)

Wed Mar 25, 2020, 01:18 PM

4. Was not next month the

 

Credit Rating Bureau's roll out of new ratings that were to reflect the lowering of US personal ability to repay debts.

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Response to Wellstone ruled (Reply #4)

Wed Mar 25, 2020, 04:14 PM

5. Okay.

Thanks for nothing...

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Response to Upthevibe (Reply #5)

Wed Mar 25, 2020, 04:54 PM

6. Juat has a discusstion last week with

 

someone at Intuit(Trubo Tax)last Monday about people not being able to pay their Mortgages,Car payments as well as Rent and Utilities. Wall Street is scared to death how this plays out. REIT's holding Rental Properties are at Junk Status and many have used up their Credit Lines in a effort to try to build Cash Knowing this Train Wreck is headed their way.

This person is seeing a trend were by people are not doing their Taxes like last year. And people who do owe are taking the extensions more so this year than any previous years.

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Response to Wellstone ruled (Reply #6)

Wed Mar 25, 2020, 05:43 PM

7. The due date for taxes has been extended for three months

until 7/15/20 (at least that's my understanding).

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Response to Upthevibe (Reply #7)

Wed Mar 25, 2020, 07:10 PM

8. Yes the new regs.

 

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