As the coronavirus leaves the economy struggling and the public wondering what to do to protect themselves, WalletHub, a personal finance website, has come up with a list of tips for keeping your wallet safe. Rebecca Havely says the first thing you should do is ask your bank for help…
Many banks and credit unions are willing to help to people who face temporary financial hardship due to the coronavirus. They may allow their customers to skip a payment, temporarily lower interest rates, waive fees, or increase a credit limit. In the meantime, set aside as much money as you can from each paycheck in case coronavirus impacts your ability to work or causes you to have additional medical expenses. Use credit cards, not cash. It’s theoretically possible that virus germs on cash can spread the virus. In addition, credit cards can be used for online purchases, allowing consumers to avoid stores.
