In May 2018, the President signed new protections for servicemembers into law. In addition to requiring free security freezes and one-year fraud alerts at the three nationwide credit reporting agencies, this law also addresses a number of key financial issues for the military, including:
- -Holding lenders to more stringent requirements when they participate in VA’s refinance programs
- -Ensuring continued foreclosure protections for servicemembers up to one year after they leave active duty
- -Prohibiting medical debt that should have been paid by the VA to be reported as part of a veteran’s credit history
- -Providing free credit monitoring for active duty military, including the national guard
Get more information about these protections here.
In the last few months, new Medicare ID cards have been sent to recipients across the United States. As several policies change and the amount of scams targeting Medicare users increase significantly, staying informed is paramount to maintaining good health and safe accounts. Take a look at these AARP articles detailing information about the new IDs and potential scams centered around them:
MEDICARE ID CARDS: WHAT YOU NEED TO KNOW
MEDICARE ID SCAMS
AARP: Beware of New Medicare Card Scam!
If you’re a small business owner or entrepreneur with a great idea, you may be looking for resources to help answer some of the many questions you most likely have. Well, the Mount Prospect Public library is here to help–with a little assistance from the Small Business Administration (SBA)! The SBA is the government agency tasked with providing information and programs dedicated to assisting small businesses, and one of the best is their yearly Small Business Resource Guide. Inside you’ll find info on everything from how to start a business and writing a business plan to programs designed to help veterans and native Americans, as well as funding sources. Just click above or HERE to get started, or grab a paper copy from the Business Resource Center behind the Research desk. And if you need help navigating this or other business resources available at the library, MPPL Business Reference Joe Collier is available for one-on-one reference appointments–just email or call the library to set one up!