Building credit scores can be difficult in these trying times. This is especially true for millions of Americans who have lost jobs or some of their income. Of course, credit bureaus follow your credit activities to help lenders and creditors determine how safe it is to provide you credit.
But during the COVID pandemic, there are circumstances out of our control. Almost everyone working in the restaurant business has been greatly affected in a bad way. Although some people have gotten other work or part-time work it often results in lower income and major stress on your credit. It may not be possible to actually build credit scores when unemployed, but you can mitigate the effects of current conditions.
Read more: https://www.cashone.com/blog/how-to-build-credit-scores-while-unemployed
Robin Williams is an Executive at CashOne, which serves to connect consumers across the U.S. quickly with its authorized lender network for payday loans online. Robin has more than 20+ years’ experience in Administrative Management, with several years in the lending industry.