In light of the COVID-19 pandemic, employees across America lost their jobs in record numbers. Panic grew throughout the nation as citizens paced to and fro searching for a solution to this crisis. 

As a form of monetary assistance, the government was permitted to issue $1200 stimulus checks, for some it wasn’t enough or their money ran out and their stress levels increased as a result. 

Individuals that were unable to work during this time of uncertainty had no other choice but to apply for unemployment benefits. 

Typically, these benefits offer some relief but not much. Fortunately, the Federal C.A.R.E.S Act was put into place to provide more assistance for unemployed workers in need. 

What Is The Federal C.A.R.E.S Act?

The Federal C.A.R.E.S Act allows for $600 dollars to automatically be applied to each week of an individuals’ unemployment benefits from March 29th to July 25th of 2020. This option was made available specifically to those that were laid off due to COVID-19 related issues. 

Qualified parties include business owners, self-employed workers, independent contractors, and people with limited work history. 

Unfortunately, July 25th is rapidly approaching and large numbers of Americans still find themselves out of work. Without an additional $600 of income being deposited in their bank accounts, many will feel helpless. 

How Can I Get By Without the Federal C.A.R.E.S Act? 

If you’re one of the fortunate Americans to get a new job during the COVID-19 Pandemic, we congratulate you! Being gainfully employed in a time like this is a terrific accomplishment. 

However, many individuals don’t have the ability to return to work. If your stimulus check has long dried up and now you’re staring at the barrel of losing that necessary additional $600 dollars from the Federal C.A.R.E.S Act, don’t fret. You do have options. 

File an Extension to Qualify for the Federal C.A.R.E.S Act

There is a chance that you could qualify for an extension if you started receiving your normal unemployment benefits after July 2018 and before June 2, 2019, and have now run out.

If you can no longer qualify for your normal unemployment benefits but are still in great need of assistance, you will be automatically awarded Pandemic Emergency Unemployment Compensation. If for any reason you are still unable to qualify for an extension, helpful solutions do exist! 

Sell Your Gold Jewelry to Get By Without the Federal C.A.R.E.S Act 

Do you have gold jewelry, gold coins, or other forms of gold bullion in your possession? If so, you could be staring at way more than a mere $600.00 in additional income. Experienced gold jewelry buyers such as Vasco Jewelry Buyers will purchase your gold jewelry and gold bullion for the highest prices based on Gold Spot Value. 

You’ll simply make an appointment for your free gold jewelry valuation and their experts will perform all the necessary testing to determine what your gold jewelry is worth. If you like the offer, Vasco Jewelry Buyers will give you your money the same day. 

There is no hassle and no long waiting period. With this quick money in hand, you can put it away for a rainy day or use it to pay for utilities, groceries, and more. 

Loan Against Your Jewelry to Get by Without the Federal C.A.R.E.S Act 

If you’re not quite ready to part ways with your valuable jewelry, gold coins, or luxury watches, you can take out a loan against your jewelry instead. Vasco Jewelry Buyers offers loans against your jewelry and offers flexible monthly payments.

In addition to this option, there are no invasive credit checks to worry about. An added bonus to this is if you pay your loan against your gold jewelry early, you won’t face any penalties and you’ll immediately retain ownership of your gold jewelry. 

Will the H.E.R.O.E.S Act Replace the Federal C.A.R.E.S Act?

There is talk of another program that was passed by the house of representatives called the Health and Economic Recover Omnibus Emergency Solutions Act, also known as the H.E.R.O.E.S Act. However, it is uncertain as to whether or not legislation will approve of it. 

The H.E.R.O.E.S Act would provide an additional amount of only $300. Though this would offer some relief, it may not be quite enough. The H.E.R.O.E.S Act is also only in talks currently and isn’t guaranteed to pass. 

What Options Do Small Businesses Have Without the Federal C.A.R.E.S. Act?  

Luckily, both Democrats and Republicans agreed to extend the Paycheck Protection program for small businesses. However, it is only extended until August 8th of this year. This act gives small business owners the ability to keep their workers on the payroll. 

That means employees will still have jobs and business owners can keep their lights on. The Paycheck Protection Program is strictly for the purposes of paying employees, business utilities, rent, or mortgage. 

If you are a small business owner receiving additional funds as a result of the Paycheck Protection Act, it would be wise to having a savings plan in place for when this plan comes to an end. 

What Is My Best Option Without the Federal C.A.R.E.S. Act? 

If you’re looking to gain some financial support in these times of great uncertainty. Options do exist. If you’re unable to qualify for additional unemployment, selling your jewelry or loaning against your jewelry is the smart choice. Vasco Jewelry Buyers is a trusted and well-respected establishment so you can have peace of mind knowing that you’ll have nothing but the best experience and receive the most money. Jewelry valuations are free and quick. To book your appointment for a free valuation or to find out more about the process, you can contact their seasoned professionals at (949) 679-2300. 

Summary: 

Although the Federal C.A.R.E.S  Act is coming to an end. you can still make it through. Until you are able to regain your employment, there are a few options for you to consider. Selling your gold jewelry or taking out a loan against your gold jewelry can prove immensely beneficial in a time where you need additional finances the most. 

By choosing to sell your gold jewelry or loan against your gold jewelry, you’ll be able to obtain the money you’ll need for rent payments, utility bills, groceries, medical care, and so much more. 

About the Author: 

Vasco Assets Inc. is a privately held international financial firm located in Newport Beach, California. Vasco Assets has over 35 years of industry expertise from investing, lending, buying, and selling of luxury items to collaborating with charities in developing custom offerings and much more. At Vasco Assets, we create and cultivate long-term, multi-generational relationships with our clients.

Vasco Assets’ diversification in the global economy helps maintain our position as an independent international institution that is not subject to the fluctuations in the market conditions. In recent years, we’ve been making significant investments in our patent-pending technological platform and applying them to lending, investments, and fostering our client relationships.