What Is the FICO Resilience Index?

By the end of May 2020, more than 40 million people had filed unemployment claims due to COVID-19 and the resulting economic shutdowns. Governments, charities, and even creditors scrambled to put programs in place to support people during this time while also mitigating future economic fallout. And this isn’t the first time creditors have found… Read More

The post What Is the FICO Resilience Index? appeared first on Credit.com.

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How to Get Approved for Credit in a Financial Downturn

In a recession it’s common for many people to rely on credit cards and loans to balance their finances. It’s the ultimate catch-22 since, during a recession, these financial products can be even harder to qualify for. This holds true, according to historical data from the Federal Reserve Bank of St. Louis. It found that […]

The post How to Get Approved for Credit in a Financial Downturn appeared first on Good Financial Cents®.

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My Parents Can’t Afford College Anymore – What Should I Do?

When most parents offer to fund their child’s tuition, it’s with the expectation that their financial circumstances will remain relatively unchanged. Even with minor dips in income or temporary periods of unemployment, a solid plan will likely see the child…

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The post My Parents Can’t Afford College Anymore – What Should I Do? appeared first on MintLife Blog.

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What Is Austerity?

Austerity policies are nothing new. But talk about them in the news has recently escalated. In response to its ongoing debt crisis, the Greek government is preparing to implement austerity measures aimed at helping the country regain its financial footing. … Continue reading →

The post What Is Austerity? appeared first on SmartAsset Blog.

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How to Prepare for the End of Your Unemployment Benefits

If you’re nearing the end of your unemployment benefits, don’t worry. Here are your options for what to do when your unemployment runs out.

The post How to Prepare for the End of Your Unemployment Benefits appeared first on Discover Bank – Banking Topics Blog.

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