Protecting Your Credit During the Pandemic

In such uncertain times, it can be stressful wondering how you can proactively work to protect your credit score. In these economic conditions, there are a few different ways that you can work to protect your credit score and keep it as high as possible, given the circumstances. Check out a few tips on how you can stay as solid as possible financially:

• Monitor your credit score. First and foremost, as you continue to pay your bills, be sure to monitor your credit score to ensure that it is either staying the same or getting higher. If you notice that your credit score has dropped, look into the reasoning for it for future.
• Pay your bills on time. Even if you are not able to pay in full, be sure to meet your payment date each month so that you are not running into any late fees. If you find that one month you are unable to pay, be sure to flag this ahead of time to see if the lender is able to work with you.
• Make a budget plan. You may not be spending as you normally would given the current circumstances. In addition to trying to spend less overall, try making a budget plan to keep yourself organized and your finances in order.