Protect Your Credit Score During COVID19 Crisis
With the effects of the COVID19 crisis, many individuals are not just wondering about their jobs, their families, and their health, but also their credit scores. During these challenging times, there are ways to protect your credit score or even improve your credit score despite a job loss or furlough.
Check Your Credit
It is hard to improve your credit score, when you don’t even know what your score is. During this time, while some people are learning to bake bread or rocking those at-home workouts, take the necessary steps to understand your financial situation. This is the starting step to knowing what your future options may be.
Sign up with Grow Credit to track and improve your credit score through subscription payments.
Pay What You Can
Maybe that huge car payment or large student loan seems unfeasible to pay during these times. It is important to prioritize your debt and know what resources are available to you. Mortgage rent and car loan relief plans are options for many providers, call your lender to discuss your options. In addition, the Federal CARES Act provides relief from student loans until September 30th 2020, so partner with your loan servicer to see if you apply.
In the meantime, handle what you can handle.
Grow Credit pays for your subscriptions through a virtual Mastercard in order to boost and improve your credit score. Hundreds of dollars for your car loan may seem impossible, but $12 for your Netflix may be something you can do to actually help your score. Check out www.growcredit.com to find more information about improving your credit score while paying for manageable subscription costs.
Make a Budget
If you think that the financial impact of this crisis may be more than a few months, it may be a good time to take a look at slimming down your budget. You can log and track your expenses through multiple online applications in order to help control your budget. For the subscriptions that make the cut, use Grow Credit to help build your credit during this time.
It is a difficult time, but Grow Credit is here to help by providing resources, insight, and the ability to improve your personal finances, no matter the circumstances.
