Four tips to improve credit score amidst global distress

It is no secret that the world is in great distress. The COVID-19 pandemic has resulted in deaths, business closures, and unemployment. With income reduction and job loss, millions of people around the world struggle with paying their bills on time, if at all paying them. Steve Sorensen Embezzlement.

Bulk up on credit score knowledge. It is crucial to understand what makes up a credit score and the importance of credit history. A person is advised to keep a quarterly report of their credit score to help them make improvements. Pay off debt, especially those incurred through credit cards, as these are considered highest in the market. For individuals who cannot make full payments, they must try their hardest to pay the minimum amount. This enables a person to maintain their standing while avoiding fees for late payments. Steve Sorensen Embezzlement.

Never use a credit card to get cash. While these are uncertain times, incurring more debt would only make things worse in the long run. Avoid falling prey to reward points for using credit card withdrawing cash. These are known to come with unknown charges. Steve Sorensen Embezzlement.

If possible, limit the use of credit card. Some people may need to keep their old credit card accounts open to stay on top of a financial dilemma. However, old accounts may not be up to date with COVID-19-related provisions. In the case of autopay, review and adjust payments accordingly to avoid paying more than the required amount for the card. Steve Sorensen Embezzlement.