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Showing posts from December, 2020

What can you do if you lose your job and are not able to pay credit card bills

 A lot of people have faced job losses owing to coronavirus. This has led them to worry about their bills. The situation becomes all the more serious if you have credit card debt and no or very little emergency savings. Your credit score can greatly suffer when you lack the income to pay your credit card bills. People who are extremely low on credit can also consider bad credit credit cards to get started on the journey of building a good credit history.  Nevertheless, there are ways in which you can prevent any damage to your credit card and also manage your payments in case you have suddenly lost your job. You can follow some effective credit card tips after losing your job and make sure that you get yourself out of the tough times. When you are laid off, you might get a severance payment depending on the length of your employment and the amount of money you have earned. Severance payment functions as a financial link from one job to the next in case your unemployment period is sho