COVID-19 Updates

Important updates and useful information regarding lending services and COVID-19.

Covid-19 Updates & Information

Our response to COVID-19

As Coronavirus (COVID-19) pandemic continues to impact the lives of nearly every person in our country, 24CashToday tries its best to support people in need. We have gathered the most essential information that can help you during these difficult times. The website 24CashToday.com operates as usual offering the service free of charge.

Government-issued stimulus checks

Third Round of COVID-19 Stimulus (Pending)

On Jan. 14th, the president-elect Joe Biden has announced a $1.9 trillion coronavirus rescue plan that includes a third round of "stimulus checks". If you're a qualifying single taxpayer who received or expect to receive $600 in the most recent second payment round, you likely qualify to receive $1,400 under Biden's proposal.

For latest information about the third round of stimulus checks please visit the IRS website

Second Round of COVID-19 Stimulus (Being paid out)

As of Dec. 30, the U.S. Senate was expected to consider a measure to increase the amount of the second stimulus checks to $2,000 from $600. (The relief bill signed into law on Dec. 27 called for $600 payments.) The House of Representatives already approved a measure to increase the payment amount to $2,000 on Dec. 28. Any change to the amount of the payment, or delays in agreeing on the final amount, could affect the timeline for distributing stimulus checks.

For latest information about the second round of stimulus checks please visit the IRS website

First Round of COVID-19 Stimulus (Paid out)

Most Americans have received their $1,200 stimulus checks, or economic impact payments (EIPs), as the Internal Revenue Service (IRS) calls them. The first round of stimulus money, which was approved in March and included $500 payments for eligible dependent children, was sent via direct deposit, paper check and prepaid debit card.

Student loans

Just Announced: Loan Repayment Begins After Jan. 31, 2021

Principal and interest payments on federally held student loans are automatically suspended through January 31, 2021.

The student loan payment and interest suspensions only apply to federal student loans held by the Department of Education.

Some federal student loans under the Federal Family Education Loan (FFEL) Program are owned by commercial lenders, and some Perkins Loans are held by the institution or school you attended. Your FFEL lender or school may choose to suspend interest and payments on a voluntary basis, but they are not required by law to do so.

See a list of federal student loan servicers

More information at consumerfinance.gov

What you can do to prevent COVID-19

Preventive measures

Below is a list of recommendations from CDC to protect yourself when going out:

  • Wear a mask that covers your nose and mouth to help protect yourself and others.
  • Stay 6 feet apart from others who do not live with you.
  • Avoid crowds.
  • Avoid poorly ventilated indoor spaces.
  • Wash your hands often with soap and water. Use hand sanitizer if soap and water are not available.

More information about measures against COVID-19 at CDC website.

What symptoms to watch for

The most common symptoms of COVID-19 are

  • Fever
  • Cough
  • Headaches
  • Fatigue
  • Muscle or body aches
  • Sore throat
  • Loss of taste or smell
  • Nausea
  • Diarrhea
If someone has trouble breathing, chest pain or pressure, or difficulty staying awake, get medical care immediately.

FAQs related to borrowing during COVID-19

When you accept the terms and conditions for a loan, you enter into commitment to repay the amount you owe according to the specific schedule outlined in the agreement. In the event of non-payment, additional charges may be applied. Late payment penalties vary by lender. If you know that you will not be able to make the next payment on time, please contact your lender immediately to work out a solution together.

You need to contact your lender directly to find out which options you have.

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