What steps to take and bills to prioritize as unemployment spreads with the coronavirus.
what sort of options you have to reduce or pause your payments temporarily.Beyond that, you want to protect your credit for the future, so try to keep credit expenses low, and pay your minimum debt payments so you don’t default,” Castro said., this is an area of your budget where you may be able to find temporary relief in light of the coronavirus pandemic.
since interest rates are so low ― as long as the math works out, of course. If you qualify to refinance to a lower rate, and you’re able to keep closing costs to a minimum, you could reduce your monthly mortgage payment and save money over the life of the loan. Just be wary of extending the term length, as this will likely wipe out your savings in the long run.. Interest won’t accrue during this time, so you don’t have to worry about your balance growing.
That’s why now is a good time to get ahead on your job search and reach out to some of your trusted contacts to let them know you may be making a career change soon, according to, a career expert and author of “Your Personal Career Coach: Real-World Experiences for Early Career Success.” This allows you to line up references you’ll need as you begin interviewing for new positions.
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