Skip to main content

Protect your Finances During Covid19

 

During the COVID-19 pandemic, monitoring your finance is necessary. 

The three national credit reporting agencies: Experian, Transunion, and Equifax are ensuring to provide free copies of your credit report every week. The federal law used to allow a free copy of your credit report from each credit reporting company for every 12 months. 

In 2020, the U.S. House of Representatives passed the "Protecting Your Credit Score Act," increasing consumer protection. The bill also develops accountability to the credit reporting agencies to be more transparent. Benefits to get free weekly credit reports are extended until April 20, 2022. Monitoring your credit reports will be a helpful tool to manage your finances as it has information about your credit history and are essentially used to approve loans or credit. If you are struggling to pay your bills on time, because of the Coronavirus crisis, then check your credit reports regularly. To get your free credit reports, go to AnnualCreditReport.com. 

Protect your financial health during hardships from the Coronavirus at:

myfinancialresourcescenter@gmail.com

www.myfinancialresourcescenter.com      


Comments

Post a Comment

Popular posts from this blog

Is Credit Karma Enough to Monitor your Credit?

Photo by  rawpixel  on  Unsplash / By: My Financial Resources Center L.L.C. Credit Karma , Lending Tree , Mint , Credit Sesame even AnnualCreditReport.com all websites provide credit information for consumers. Yes, we have constantly heard about these companies over on Spotify or TV commercials, but are they actually enough to monitor your credit?                             In reality, neither are enough for you to monitor your credit on a monthly basis. See websites such as Credit Karma only provides Equifax and TransUnion. Other sites only provide 1 credit bureau and AnnualCreditReport.com gives you all 3 once a year with no information on your credit scores. Not only this, but the information provided from some of these sites have poor or little information to your accounts. If you were to dispute any negative information to the credit bureaus you wouldn't be able to provide them your a...
Post a Comment
Read more

A promise to the stars: New Year's Resolutions.

A New Year marks the perfect opportunity for a fresh start. Photo by Polina Tankilevitch Here are some steps you can take to secure your goals for the upcoming year: 1. Set S.M.A.R.T. goals: Specific, Measurable, Achievable, Relevant, and Time-bound goals keep you focused and motivated throughout the year. Break down your long-term goals into smaller, more manageable short-term goals. 2. Identify personal and professional priorities: Determine what matters to you the most, both personally and professionally. This will help you prioritize your efforts and allocate resources effectively. 3. Create a financial plan: Analyze your current financial situation and identify areas where you can improve. Set a budget to manage your expenses better, allocate funds towards savings or investments, and determine measurable milestones for financial growth. 4. Long-term financial goals: Define clear long-term financial objectives, such as purchasing a house, saving for retirement, or starting a busine...
Post a Comment
Read more

Life Doesn't Get Easier.

  Life Just Doesn't Get Much Easier. Photo by Craig Adderley: https://www.pexels.com/photo/man-arranging-his-black-necktie-1605226/ A s we grow older, more responsibilities are added into our lives including financial obligations. We start to obtain more debt and then try really hard to minimize them.  Over the years, we work so hard for atleast a decent retirement plan and at times it is actually without even opening an actual IRA account.  On top of that, health becomes an increasing risk with expenses which no one ever talks about like the uncovered fees from a medical plan.  Preparation and awareness seems to be the priorities of actions you may take to confront these challenges. Setting a financial plan may help assist with all the tasks that involves debt, retirement, and unexpected medical expenses. Hiring a certified financial planner could guide you with a personalized plan.  Don't forget to analyze and compare products for your retirement such as ...
Post a Comment
Read more