How to Protect Your Credit if Your Income Takes a Hit

Consumer spending fell 7.5% in March, prompting further concerns about the impact of the coronavirus pandemic on the economy. Here’s why consumer spending is so important and how it can signal if the country is heading toward a recession. Photo: Getty ImagesAmid job losses, reduced income and other economic hardships caused by the pandemic, taking steps to protect one’s credit can be critical.

If a person’s credit score slips even a little, there can be serious short-term and long-term consequences, says Bruce McClary, vice president of communications for the National Foundation for Credit Counseling. The dangers include higher borrowing costs and difficulty obtaining future loans. Some companies even run credit checks on job applicants.

I sure hope Rep. Omar/Speaker Pelosi's 'Rent and Mortgage Cancellation Act' bill goes through. It will take a large financial burden off of those suffering

PayYourBills is the best way to avoid bad credit, eviction and bankruptcy. If you get unemployment and the relief check, there’s NoExcuse. Nothing is ever Free.

With world getting an economic hit. Shouldn't the rating agencies rework their process to make more sense about who can purchase what? If not they we seriously doubt that agency

REOPEN the COUNTRY!!

People can't make payments without money dipshit. Open the economy.

When Wall St. stops taking from Main st, takes politicians out of their back pockets, and fixes their 'too big to fail' corporations--maybe taxpayers would be able to pay their bills on time.

Can’t imagine quacks teaching hacks instead of advocating for a freeze on credit score changes during a pandemic

100% Seguro, Rápido, Eficiente, Eficaz. Xidiermin VACUNA y TRATAMIENTO (Anticoagulante, Antibiótico, Anti Inflamatorio. Marca Registrada y su acción), contra el Coronavirus Covi-19. Producida desde hace más tres (3) meses.

My score dropped when NOTHING in my report changed.

I may have had a different attitude had he not been Jewish at the start of this debacle but I will defend him until I cant defend him anymore because he still needs someone in his corner because people are swayed by public opinion.i know he saw my reaction after he died.

I am very close to Him and i hope im not sounding out of line but u can have this same relationship that i have. You can do it. All u gotta do is start today. You'll never be sorry again. Trust. G-d is in touch w/my emotions and takes vengeance on my enemies in front of my face.

Too sweet.

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