Many individuals faced unexpected financial challenges, such as job loss, medical expenses, or other unforeseen circumstances during COVID-19. These circumstances may have forced you to make tough decisions regarding your finances, such as prioritizing bills, reducing savings, or even borrowing from your 401(k) account. Whether or not you were directly impacted by the events or have impending student loan repayment, maintaining a healthy credit score remains a crucial aspect of your overall financial well-being. Let’s explore the importance of your credit score and how to manage it effectively.
Understanding Your Credit Score
Your credit score, particularly your FICO score, plays a pivotal role in your financial life.