COVID + Credit: How to prioritise when money is tight
While you should do your best to pay your bills on time every month, that isn't always possible. If you find yourself in a tight spot, you may have to make hard financial decisions about where to channel your available resources. Thinking through which bills to prioritise can make a huge difference to your long-term financial recovery.
The decisions you make will be specific to your financial situation but use the following tips as a guideline.
Your questions answered - the impact of COVID-19 on your credit file
At Equifax we have had a number of queries from customers asking how the current situation will impact their credit report and score, especially if they are struggling to pay bills on time. Or, what happens if they apply for a mortgage deferral. We answer some of those questions for you below.