When we were searching for toilet paper and building makeshift classrooms in the living room a year ago while trying to work remotely, few of us were busy worrying, This pandemic is really going to tank my credit score.
But that score, which basically is a report card of how we pay our bills, decreased for many of us in 2020. Things that we availed ourselves of to get through the (hopefully temporary) tough times—paying only the minimum on our credit card bill or skipping a payment altogether, or applying for EIDL and SBA loans—may have resulted in hard inquiries on our credit reports, thus lowering our credit scores. Here are seven suggestions for improving your situation. Read article here