The pandemic may be taking a toll on your credit score.
A new report finds a quarter of us have already missed at least one payment since the pandemic began.
Among those who've fallen behind, 26% say they haven't paid their cell phone or cable bill. Others have chosen to delay their electric or other utility bill.
On average, for those who admit to skipping a payment, they've missed five bills altogether.
According to StudyFinds:
All in all, 52% say they only buy the “essentials” these days. Another 43% are no longer buying premium quality goods (toilet paper, gas) in an effort to save some cash. Some are adopting new lifestyles: 41% say they’re following “minimalistic” approach to life.
Moreover, about two in five people never use their credit card anymore because it encourages them to spend more.
One-third of Americans have also dipped into their savings accounts in order to make ends meet.
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