Importance of Being Credit Healthy during the COVID-19 Crisis

Importance of Being Credit Healthy during the COVID-19 Crisis
Author(s):
Dr.Shrikesh Poojari
Keywords:

Abstract
The COVID-19 pandemic has been an impact on all aspects of life since its start in January 2020 and since then it has upset human life and the economy. With the cashflow being heavily impacted in the form of layoffs and salary cuts, the demand for new credit has been on the rise and majorly in the form of unsecured loans. However, to avail these loans, having a good credit score is of utmost importance, especially during a crisis. Apart from offering loans, banks have announced the launch of the moratorium along with various products specifically curated to help people sustain themselves during the pandemic.
Article Details
Unique Paper ID: 154486 Publication Volume & Issue: Volume 8, Issue 11 Page(s): 274 - 277
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