🖐 5 SIMPLE STEPS TO MAINTAIN YOUR CREDIT DURING COVID-19 🖐
As the world continues to learn more about COVID-19, or the corona virus, it's clear that the pandemic may impact several aspects of our lives. Here are five actions you can take that could help keep you financially sound.
Reconsider Your Budget
Making a budget and sticking to it is a sound strategy at any time, especially when your finances may take an unplanned hit. An emergency fund is one budgeting move that could help you weather income uncertainty during this time.
Consult Financial Experts
. Before you make any hasty decisions with your investments, consult financial experts where you invest to get professional advice on what actions, if any, you should consider.
Make All Payments on Time
Credit scores are greatly impacted by late or missed payments. While it may get difficult, try to make at least your minimum debt payments by their due date every month.
Get Help if You're in Financial Trouble
If you feel you may not be able to keep up with minimum payments and need help managing your existing debt, consider working with a certified credit counseling service.
Stay on Top of Your Credit
Especially now, making sure your credit reports with all three credit bureaus (Experian, TransUnion and Equifax) are accurate is critical. This way, you can identify any potentially fraudulent activity and respond to it before it damages your credit.