As of May 2020, there were an estimated 21 million people who were unemployed . While this was a result of the pandemic, that doesn’t take away the stress that you feel when you are in this situation. During the first quarter of 2020, the estimated house hold debt for Americans hit $14.3 trillion. These are scary numbers to some people, but if you recently lost your job, these numbers hit close to home, and it is a stressful time, and knowing what your next steps are can help you out. What You Can Do if You Lose Your Job If you are worried about your credit when you lose your job , this is entirely normal. Being unemployed in itself isn’t going to hurt your credit. Your credit gets hurt when you start to fall behind on bills as a result of your unemployment. Your next steps after you lose your job are crucial in ensuring that your credit doesn’t suffer or suffers as little as possible. It’s a good idea to try to save as much money as possible should something happen...
