Coronavirus led 33% of Americans to make a credit-harming decision: Study
6 months ago
How to pay off coronavirus-related debt
Creditcards.com industry analyst Ted Rossman discusses how coronavirus has added more credit card debt for millennials and shares advice on paying it down.
As the coronavirus persists in the U.S., one-third of Americans have admitted to making at least one financial decision in the last four months of the pandemic that is likely to hurt their credit score, a new Bankrate study has revealed.
Continue Reading Below
Particularly, the main financial decisions Americans have made that can adversely affect their credit score include adding more debt, paying at least one bill late, carrying a balance, ignoring a bill payment date or canceling a credit card.
CORONAVIRUS PANDEMIC HURTING AMERICANS’ FINANCES IN DISPARATE WAYS