How to Build Credit During a Pandemic


The Coronavirus pandemic had a negative effect on most people’s finances. The effect of the pandemic scared a lot of people and left them with huge debts. A great number of people became unemployed within the space of three months in 2020. The numbers were more than those who were relieved of their jobs during the great recession.

How to Build Credit During a Pandemic

If you were among those who were laid off or you’re struggling financially, your priority should have an edge when it comes to your basic needs. People who find themselves in emergencies such as these, always place their focus on things that they control. Having to monitor your credit score is better than worrying over unplanned circumstances.

Your credit score is an important measure of your financial health. Some people have built their credit successfully before. No matter the situation, some things can help build your credit score if the pandemic has had an impact on your credit.

The 3 Best Ways to Build your Credit Score fast

Several simple things can help you build your credit. It requires your time, effort, and patience to make it work better for you.

#1 Review your Credit Reports

Checking your credit history to know what is working for or against you is the first step to building your credit score. You can pull a copy of your credit report for free every once a year from the three major national credit bureaus; Equifax, Experian, and TransUnion. This assessment and review can be done through the official website, to see what is helping or draining your score.

Your on-time payments, low balances on credit cards, a mix of different credit card and loan accounts, and minimal inquiries for new cards can be the factors that contribute to your higher credit score. While collections, high credit card balances, late or missed payments can be a major credit score detractor.

#2 Pay your bills on time

Although your payment history is the most important factor in your credit score, paying your bills on time as well is crucial. At least, the least minimum amount should be due every month. Offsetting your bills early will save you additional interest with other late payment charges. If you happen to miss a payment, a 30 days ultimatum before the due date will be given to you, after which it will be reported to card companies.

#3 Keep Unused Accounts Open

Your old credit cards should be left open. They will help with the building of your credit score even if they’re never in use. This is simply because of the length of your credit history, the time frame, and the average age of your credit account. It is also a component of your credit score. Do have it in mind that some card issuers may cancel your account if it remains inactive for a long period. To avoid scenarios like this, you should consider purchasing with the card, at least every six months to keep it active.


Building your credit score is an advantage, especially when you plan to apply for a loan to make a major purchase. It may take months for you to start seeing the impact on your score when you decide to take the step to build on it. Some of the negative marks you’re experiencing can be removed by credit repair companies. The effect of the pandemic will neither have a bad impact on your credit score if you start building them now. If you are still struggling and need debt consolidation help, please contact us!