How to Protect Your Credit and Finances During the Coronavirus Pandemic

Protect Credit coronavirus

By Jeff Smith

The coronavirus pandemic has us all washing our hands, disinfecting our homes, social distancing, and worrying about loved ones.

But alongside the health challenges brought on by COVID-19 are very real economic challenges, as millions of workers quarantine themselves and businesses across the globe shut their doors with no clear timeline for reopening.

As the financial impacts of the pandemic become increasingly clear, governments, employers, and financial institutions are responding with measures meant to soften the blow. But these are still extraordinarily difficult times for many.

There are a lot of things beyond our control right now, but the following are some concrete steps you can take to safeguard your credit rating and personal finances during this challenging time.

Read on for what to do ...

  • If you can’t afford emergency supplies
  • If you lose income
  • If you’re laid off
  • If you need care for yourself, your kids, or a family member
  • If you have to cancel travel or other plans for which you prepaid
  • If you’re likely to miss a mortgage or rent payment
  • If you’re going to be late paying your bills
  • If you incur medical bills
  • If you have a small business that is impacted
  • If you are at high risk and can’t leave the house at all
  • Or jump to a list of helpful links

Self coronavirus graphic

Download this graphic as a PDF here.

General COVID-19 pandemic safety and support

Steps for financial preparation and mitigation

Financial assistance options

For individuals

For businesses

Eviction concerns and housing options

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About the Author

Jeff Smith is the VP of marketing at Self.

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Written on March 31, 2020
Self is a venture-backed startup that helps people build credit and savings. Comments? Questions? Send us a note at

Disclaimer: Self is not providing financial advice. The content presented does not reflect the view of the Issuing Banks and is presented for general education and informational purposes only. Please consult with a qualified professional for financial advice.

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