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Tips on protecting your credit score during the COVID-19 crisis

Posted at 3:28 PM, May 12, 2020
and last updated 2020-05-12 15:28:56-04

It's important to protect your credit score in any way you can during the coronavirus pandemic. One thing that will help is knowing where you stand with that score.

The three major credit-reporting agencies are now letting you check your credit report every week for free. You typically can only check once a year for free. This change is in effect through April of next year at

“If you're on a forbearance program with your mortgage lender or in a credit card payment deferment, your account should not show that you're falling behind or that you're missing payments,” said Bruce McClary with the National Foundation for Credit Counseling (NFCC). “It should appear as though the account is paid up to date and it will show the balance and it will show the accurate status of the account.”

Keep in mind though, if you were already past due when you entered the deferment program, that will still show up.

Some lawmakers are pushing for more protections. One bill proposes putting a four-month moratorium on all negative credit reporting. But for now, it’s up to you to protect your credit.

“Make sure you're contacting anyone you owe and you're trying to activate any special arrangements that can allow you to skip payments without penalty,” said McClary.

With any payments you have to keep making, make sure you're making them on time if you can. A big part of your credit score is determined by how you manage your accounts.

We've told you how some credit cards are decreasing their credit limits. If you have multiple credit card accounts and some of them aren't even being used, you can divide that balance up across different lines of credit. That will give you a more evenly dispersed debt ratio. That reduces the risk of your credit limit lowering having a negative impact on your credit score.

The NFCC is a free resource if you need help with any of this.

The Rebound is a resource to help our community make it to the other side of the financial fallout from the coronavirus pandemic. If you have a question or story idea, email us at

Click here to join the Facebook group Getting a Job in the Cincinnati Area, where you can connect to other job seekers and employers around the area.

Looking for a job? Click here to see what is available locally.

Para leer sobre el coronavirus y aprender como te puedes proteger de él, oprima aquí.

Click here or call (877) 644-6562 for information about unemployment benefits in Ohio.

Click here or call (877) 369-5984 for information about unemployment benefits in Kentucky.

Click here or call 1-800-891-6499 for information about unemployment benefits in Indiana.