Life And Health Choices

Keeping track of your credit score is a task which should be undertaken even in the best of times. In the face of current economic uncertainties surrounding the coronavirus pandemic , good credit may have even more impact on your financial health. It is important to have your score as healthy as possible in case you need to get a loan, a new or different car, or a credit card to get by.  But for many facing layoffs or other income losses, the first step towards long-term healthy credit lies in figuring out how to stay afloat today. What Is Important About My Credit Score? Two of the most influential factors that make up your FICO credit score are payment history and amounts owed as a percentage of total credit limit. On time payments and your balance of 30% or less gives you a healthier score. These factors help lenders determine whether you’re able to make payments on time and in full, and you haven’t overextended yourself by taking on large balances you’re unable t...

The Coronavirus Pandemic is having an impact on every part of our lives. According to Moody’s Analytics,  nearly 80 million jobs  in the US are currently at risk due to the coronavirus or COVID-19, more than half of the jobs in the US economy. Impacts are being felt throughout the  retail, food, hospitality, service and entertainment industries  with many businesses and  productions  completely shutting down. If people continue to delay travel plans and cancel flights and hotel rooms, service-industry workers will likely be laid off, experts say. Health professionals advise people to only travel if necessary to lower their risk of catching the virus, but also to prevent the risk of spreading it. The virus has a median incubation rate of 5.1 days, a recent report found, which means people could travel without showing any symptoms at all. Many corporations are not paying their workers, extending health insurance benefits, or  offering severanc...