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What Does Coronavirus Crisis Mean For Your Finances? - The Credit Pros
Manage episode 445830834 series 3576016
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The coronavirus crisis affects finances by disrupting the stock market, interest rates, employment, and credit accessibility. The Credit Pros advise not to panic and to logically assess the situation, noting that market volatility doesn't directly translate to personal financial impact. It's crucial to contact lenders if payment issues arise due to the crisis to protect credit scores. The article also emphasizes the importance of staying safe by working from home, minimizing contact, and maintaining hygiene to slow the virus spread.
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