Coronavirus impacts the U.S. economy deepens and more and more citizens will be suffering financial anxiety. A concern is that where banks and credit unions are reaching out with messages of potential relief for consumers, they are failing to connect. The impact of the coronavirus pandemic on the U.S. economy is all over the nation’s…
As the nation slowly gets back to work over the coming months, millions of Americans will struggle to repay the debts that accumulated while they were jobless. Millions more will plunge into debt and suffer prolonged hardships. Once those unpaid bills become due — whether for rents, mortgages, medical expenses, or student loans — these…
The COVID-19 pandemic has made keeping up with monthly bill payments In an effort to provide some financial relief, a number of credit card companies have introduced policies to offer temporary help. If you have credit card debt and you’re struggling to manage your payments during the coronavirus crisis, this guide breaks down what’s available…
FICO has been working closely with lenders and partners to provide awareness of reporting options We at FICO recognize the significant challenges faced by both borrowers and lenders in these extraordinary times. We’ve been working closely with lenders as well as our Credit Reporting Agency (CRA) partners throughout the COVID-19 pandemic to provide awareness of…
What should you do financially to get through the coronavirus COVID-19 pandemic? Regardless of the current or coming health effects of COVID-19 on you or your family, the pandemic has affected and will likely continue to affect household finances for years to come. Having a plan, prioritizing spending, and using resources efficiently will be key…
Governments around the world are rolling out financial relief measures and programs to support small businesses impacted by the COVID-19 (or “coronavirus”) pandemic Small Business Loan (via BDC): Loans of up to $312,500 to businesses with revenues of less than $1 million. Up to $3.125 million for businesses with revenues between $1 million and $50…
The COVID-19 pandemic is forced a new normal very quickly. Considering the vast changes in daily life as if you’re concerned about money. And how credit scores may be impacted. The rear view of the mirror the bills for this month are expecting and the expectation and the expectation certainly to cover those bills. That…
There so much uncertainty right now. Is my job safe, how can I find a new job in this new environment, and keep up on my bills. So much reassurance now coming now from all places. A credit reporting agency because of the economic crisis that is caused by COVID-19. Equifax working with creditors and…
If you and your lender agree on an emergency payment freeze. The payment status of your account, with that lender, shouldn’t get worse while your payments are paused. So, if your account was up to date before the freeze began. Your account will continue to show up to date until the freeze ends. If you…
God is my provider. I’m grateful for everything in my life doesn’t matter how small or big it can be I’m grateful for. Grateful every day that woke up it’s another opportunity God gives me live & I’m grateful for that, I’m not better nor perfect than anyone but I’m surely blessed by the grace…