We have all entered a new space in the world right now!
The implications will impact all of us personally and in our professions.
Our health and the health of those around us is #1 at this time. However, there will be financial challenges for many as we move forward.
Loss of working hours, job cuts and people fearing the upcoming “bills” is super stressful.
WORRIED ABOUT UPCOMING BILLS – TAKE ACTION NOW!
If you see a challenge ahead with any of your upcoming monthly obligations/payments, CALL YOUR CREDITOR RIGHT AWAY!
Creditors are doing many things to help people, such as deferring payments and not penalizing with late fees. I am not positive about lowering interest rates on current accounts, but it’s worth asking.
THIS HAS TO BE DONE BEFORE YOUR 30 DAYS PAST DUE!
You may have trouble getting through, but stay persistent. Make it a TOP priority. A single 30 day late payment hurts your scores by 60-80 points and takes up to 24 months to recover from. Let alone being one of the hardest items to have removed.
Protecting your families and those around you are most important! However, protecting your credit is also pretty high on the list.
Now The Market Report . . .
“Everyone here has the sense that right now is one of those moments when we are influencing the future.”
This week’s potential market moving reports are:
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American Family Funding Recent Articles:
Quick takeaways: Three ways to ensure a positive experience for first-time homebuyers. Google is making privacy changes to its Chrome…