When we think of health, credit is probably not the first word to pop into our heads. However, having healthy credit is one of the most important things you can do for yourself financially. It’s okay if you have put your financial growth on the back burner during this strenuous time, but there are several things you should actively be doing to ensure the health of your credit.
Know Where You Stand
It may seem obvious, but the first step in having healthy credit is knowing where you stand. Staying up to date on your credit reports will allow you to catch any minor issues before they become major issues. Lucky for you, the credit reporting agencies are providing free credit reports weekly, now through April, 2021. Once you receive your weekly report, make sure to set aside time to review it and ensure you aren’t caught off guard by anything it contains.
Stay On Top Of Your Payments
When money is tight, paying bills is hard. However, making payments on time, when you can, is extremely beneficial to your overall credit health. Thankfully, many companies seem to be making exceptions and implementing policies to decrease consequences of late payments during COVID-19. Most lenders are understanding of the financial disruption that many families and individuals are facing, especially as medical bills may be piling up and job security is hard to find. It’s not a bad idea to get in contact with your lenders to see what they can do to help you with late fees and missed payments.
Watch Out For Scammers
With the influx of small business loans and stimulus checks, scammers are more active. If you receive emails and phone calls regarding the CARES Act, it’s important to be aware of who you are talking to and what information you’re sharing. Government agencies will never ask you to share sensitive information over the phone.
For more tips and tricks on how to maintain good credit during a health crisis, click here to read a great article from our friends and partners at TransUnion.com.
The world is a crazy place right now and many people are finding themselves struggling financially. That’s why we make getting loans as quick and easy as possible at Heights Finance. If you’re looking for a quick loan, give us a call or visit your local branch. Our online approval process will quickly help you to see what options you qualify for. That’s right, we can help you with credit loans online! Of course, if you’d prefer to speak with a member of our team in-person, we are also available via phone, or your local, friendly branch.