A staggering 54-million Americans have applied for unemployment benefits during the COVID-19 pandemic. Reports reveal that although initial applications have been approved, issues are now arising where applications for extensions do not get the green light.
The reason is simple: Every state is facing economic disparity in some way right now due to COVID-19 and its subsequent Great Pause, and what this means for potentially millions of Americans is that they will have to seek out income in other ways in order to purchase the basics and keep up with bill payments until employment is secured.
A general rule in situations of economic hardship is to be proactive, as we’ve covered how to setup an emergency fund---that said, if you already have a denied extension for state benefits, and you need quick cash, Moneda is available to assist you.
Here’s the link to the application. You can get registered and approved same day with cash in your bank account in as little as 24-business hours.
In the meantime, we have provided you with seven ways on how to make quick cash, and while you’re doing that, secure your emergency fund, as it will bring you peace of mind during uncertain times. Be current on payments. Put food in the fridge. And keep pushing toward that personal goal---keep applying for jobs and run side-hustles—do what you have to do. This is the time to get creative.
Another important variable to keep in mind: While you may be receiving State benefits, moving forward, it’s important to note that the CARES Act, which provided $600 extra per week through the federal government, expired on July 24th, 2020. It also protected Americans from eviction. Here’s an article explaining what this means to American citizens.