Here in the USA, we are approximately a month into our “next normal”.
And, while you may be thinking about paying some bills late and/or considering a forbearance or deferment, let me remind you how your credit score is determined.
Because you do not want to accidentally kill your credit score as you make your way through these unprecedented times.
As you can see in this chart the two biggest factors are your payment history and the amount of your total available credit being used.
So, please do everything in your power to at least make the minimum payment on time each month.
Take a good look at your expenses and see if there is anything you can cut out of your regular expenses.
Take a look at your income and see if there is anything you can sell to increase your income. This could be selling items you currently own or making things from items you have around the house that you can sell (ie: masks, craft kits for the kids, etc).
And, remember to use this time to improve yourself- physically, mentally, and spiritually- and your relationships so that we can emerge from the other side stronger and prepared.