Finance | Get the real facts about personal finance.

The Coronavirus has hit the economy hard, with U.S. unemployment claims surging to levels beyond those of the Great Depression. As of May 2020, unemployment claims in the U.S. have surpassed 36 million. With an estimated 157 million Americans composing the U.S. workforce, that number represents close to a quarter of workers (22.9%).

That is a shocking, frightening statistic. 

Given these dire circumstances, the question becomes, will interest rates go down in 2020? More importantly, how would you benefit if they do? [Read more…] about Will Interest Rates Go Down in 2020? COVID Forecasts and Trends.

The coronavirus has had a tremendous effect on the economy, with unemployment claims skyrocketing to 26.5 million in a few short weeks. Under the circumstances, you may be in desperate need of money and resorting to credit cards to help you get the bills paid.

Unfortunately, your financial health could take a destructive blow due to the “snowballing” nature of high-interest credit card rates. Sky high rates of 15, 20 and 25 percent can become a treacherous impediment to your financial future.

Thankfully, with lockdowns underway worldwide, credit card companies are being more flexible than ever before with borrowers. [Read more…] about How to Lower Your Credit Card Interest Rate During COVID-19