The novel coronavirus pandemic has thrown tens of millions of Americans abruptly out of work.<br />According to Business insider, filing for unemployment doesn't mean your credit score will automatically drop.<br />However, it can be impacted if you don't have an emergency fund and start living off your credit cards.<br />If you need to carry a balance, take action now to look for balance transfer opportunities that offer a lower interest rate.<br />However, be warned that if you've already lost your job, lenders are loathe to extend credit to people with no means of paying it back.<br />If that's the case, call each creditor and try to negotiate more flexible terms and a lower interest rate.
