About 87-million Americans are now worried about their credit scores due to the COVID-19 pandemic. This comes from a WalletHub Coronavirus and Credit Score Survey.
One of the latest surveys from WalletHub shows that close to 90 million Americans say the coronavirus has brought on fear about their credit score. Fears that their score will be much lower once the pandemic is over. Here’s WalletHub Analyst, Jill Gonzalez.
“About 90 million Americans are worried about their credit scores, just due to the virus. And some of the most worried groups include middle income people and their age bracket is 30 to 44 who already have fair credit and now they’re worried that they will now dip into bad credit territory.”
In addition, the survey showed that Americans are looking for payment forgiveness so their credit scores don’t suffer too much. 86-percent say credit scores should ignore any missed payments during the pandemic. Credit scores are not the only thing consumers are worried about. Not surprising, many are worried about their ability to pay bills.
“In terms of priorities, it is housing. More Americans are most worried about paying their mortgage or rent right now. After that about 50 percent are worried about paying their credit card bills.”
Gonzalez offers a few tips to survive these tough times. She says don’t be afraid to ask for a little help.
“The first thing you do is talk to your creditors what they can do to help right now. Credit card companies and other lenders are now helping customers on a case by case basis. You can also get in touch with service providers, like utilities, like cable or internet. Definitely talk to providers so you don’t end up in collections.”
You can find the complete survey at WalletHub.com
