Stimulus Bill
Affecting Credit Scores?
There are some that are critical of the stimulus bill as they
say that it is not doing any good. They say that we are still in
a recession and that there is no sign of us getting out of it.
However, there are many people who have already benefitted from
the stimulus bills that are out there, and some are affected
even if they don’t know it.
For starters, overall the credit scores of individuals have seen
a positive effect from the package and small businesses have
gotten help as well. There are tax breaks that are set up to
help these businesses as well as those that are in over their
heads in debt. There are still many more problems to be fixed
with the economy, but there are also many positive benefits to
having had it implemented.
College students have also felt the impact from the bill. They
have seen more governmental money available in order to help
those in need go to school. There are also more scholarships,
etc. for students, which means that ultimately they will come
out of school owing much less than we did when we graduated.
There are many reasons to be happy for the bill, especially with
credit scores. Some say this is because there have been debt
consolidation loans made more readily available and that more
people are able to pay down their debt, and there are those that
say that the debt consolidation has nothing to do with it – it
is the number of bankruptcies that were filed. Either way –
things are starting to look better for us as a country.
SIGN UP
