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What Can You Do?
People enduring financial hardships may be questioning how likely late, or reduced payments may impact their credit scores. Follow these best practices to help minimize the impact of Coronavirus on your credit standing:

✔ Talk to your lenders and creditors to see if any assistance is available.
✔ Pay what you can.
✔ Try to avoid late payments.
✔ Try to make at least the minimum payment on accounts or pay any amount you and the lender or creditor agree upon.
✔ Stay up to date on your credit reports.
It is always important to stay up to date on your credit reports and make sure you examine them regularly. Sometimes, you may be able to find small mistakes here and there that may, in fact boost your score high.

There are several ways that you can do this. By simply accessing your credit report, you can skim through your information and gather all the needed data.

☝️ Blockchain-based identity systems:

Blockchain technology allows the creation of decentralized, tamper-proof databases that can be used for identity verification. These databases store personal identification information, biometric data, address and contact details, digital credentials, and transaction history, among other relevant information. AI can be used to analyze the data stored on these databases to verify the authenticity of identities and transactions. Blockchain-based identity systems are becoming increasingly popular for their security and privacy benefits, as they allow users to control their personal data without intermediaries or centralized authorities