[Winning]

UPDATE...

So 1 of my creditors added a "Comment" to my credit report in regards to the natural disaster.

It appears some creditors are adding these comments to get around the Cares Act provisions regarding credit reporting and scoring. Also the House Democrats are trying to extend the provisions that are in the Cares Act with the new HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act proposal.

So my credit score has not been negativle affected as per the Cares Act mandate, but the comment has been added.. I think the comment could have a negative affect in the future in various underwriting scenarios though. Perhaps the Cares Act or any new proposed act can be amended to prevent any reference to the disaster anywhere on the credit report. I have submitted my thought to my House & Senate Representative. If you would like to do the same you can find your House Representative here, and find your Senate Representative here.

I am going to contact the one creditor that did this and see if I can get them to remove this comment. I have not missed any payments, but I did call and let them know I was affected by the Covid 19 disaster back on 03/24/2020, Post #2. The auto loan company did extend a loan modification where as if I don't make a payment for the next 3 months, the car loan would be extended for 3 months. If I would have known that they would have added anything to my credit report I would have told them not to modify anything...

I guess they just Checkmated my ass with the comment section, sneaky SOB's!!! But I respect the audible and the adaptation by them! Game On!

[Winning]

New Development.

Treasury is Delivering Millions of Economic Impact Payments by Prepaid Debit Card

https://home.treasury.gov/news/press-releases/sm1012

Looks like 1 more steps towards guranteed income AKA universal income. I think eventually every man, woman, & child will have one of these cards. I think eventually it will be issued right along side the birth certificate & ssn #.

Currently it looks like a test roll out. The EIP Cards are being distributed to qualified individuals without bank information on file with the IRS, and whose tax return was processed by either the Andover or Austin IRS Service Center.

I think this has great potential to increase efficiency across the board on so many various platforms... Tax Return payments, Social Security Payment, Disability Payments, Stimulus Payments, Various State Assistance Payments. Then they also could make it so certain vendors like Hospitals Emergency Room, could place charges on the card for unisured people but the charges dont get paid by the balance on the card but passed through to the state to issue the credit to the card for certain approved purchased.. That would make everything streamlined. All the info regarding any type of govemental payments and assistance would all be in one place and collected over your entire life. Could employers get some sort of tax break if we decide to start paying contractors and employees via direct depoisit to this new governmental bank account, instead of cutting paper checks, or direct deposit to some private bank?

This is the same type system I think most businesses use. I have been usings amex charge cards for the last 15 years maybe... Damn near everything I buy goes through them. I can easily go to one place and see a snapshot of all types of various expenses.

But I guess the thought of the Government having that much info on you in one system could be a little unerving for some.