The COVID-19 pandemic has wreaked havoc on citizen’s financial stability, with many missing mortgage installments and even facing foreclosure. If you are in this unfortunate boat, you may have heard about mortgage refinancing options available from most financial institutions and federal and state organizations. For those with good credit scores, this is a very viable relief option; on the other hand, if you have a bad credit score, refinancing your home may be a bit more complicated. The good news is that it is certainly not impossible, and you can even boost your credit score in the process. Do you have a bad credit score? Your credit score is primarily affected by how good you are at paying your bills. If you pay the full amount of your bills and repayments regularly, then your credit score should be high, or sound. If you default on these payments regularly, your score will be low, or bad. According to Investopedia , credit scores are composed of fiv...
