Stimulus Check To Pay Off Credit Card

Simply check your card issuer s online account management sites and mobile apps to speak or chat with one of their representatives.

Stimulus check to pay off credit card. Let s look at the details. The stimulus payment is a one time payment where adults can expect to get a check of 1 200. Whether you got laid off at work or your working hours are reduced everyone is equally at risk financially.

Using your stimulus check to pay off credit card debt losing your stimulus money to debt collectors can be devastating especially if you re struggling and need the cash for basic necessities. Americans may be getting a stimulus check up to 1 200 as coronavirus relief. A second round of stimulus check money is on the way but you still have questions.

Instead of using your stimulus check to reduce credit card debt ask your credit card issuer if they offer assistance and use the stimulus payment for essential purchases only. Angela lang cnet the irs has until friday jan. Should you use your stimulus check to pay off credit card debt.

The irs has sent out more than 140 million economic impact payments guaranteed by the cares act. Better known as stimulus checks the payments worth up to 1 200 per individual are meant to tide. Paying off high interest credit card debt may be a smart move if you re planning on using your coronavirus stimulus check toward bills.

Depending on the individual s reported income some will get less and some will not receive a check at all. 15 to deliver your second stimulus check of up to 600 by.