Why is this 3-Digit Number is so Critical After COVID-19?

Hey there, Yusheeka Gray here with DIY Credit, and I want to talk to you about something right now that I feel no one else is really, really talking about, and that has everything to do with your three-digit credit score right now in 2020 after COVID-19, and why it's so critical for you to focus on getting your score as high as possible and keeping it there, okay. Now, everyone knows that the world is in an uproar due to this virus. Millions of people are unemployed and everyone's, you know, there's a lot of instability going on, right? Well, as a result of that, lots of lenders, in general, are now changing quickly – changing their lending guidelines.

So whereas you used to be able to get like maybe a conventional loan at a 620 credit score, now you're going to be required to have a 700 or higher, right. So that's going to not only impact your interest rates as well, because they're going to be changing the interest rate requirements. But it's going to therefore affect what your monthly payments are going to be, your down payments, and so on and so forth.

So this is why you need to always make sure that you are positioned to get the best terms possible because you never know where the state of America is going to be. So your score and you – period - and your family should always be positioned to get the best and most favorable terms. So with that being said unless you are going through a program like the Credit for Keys Homeownership program, it's going to be much more difficult now for you to get approved for things like home loan. So, make sure that you're doing these three things. If you don't know what your credit score is, make sure that you know where your credit score is.

I'm gonna put a link below to the best place to go and check your credit score for $1. Number two, make sure that you know how to read and audit, a credit report. You can see other videos that I have that show you how to do that. And number three, make sure that you are taking this seriously and that you're asking questions.

If there's something that you don't know, please, make sure that you're reaching out and asking questions. My team and I are always around to answer questions, so that's all I have for you right now. Your credit score is critical after COVID- 19. Please make sure that it is as high as it possibly can be and that you're doing everything in your power to ensure that it is.

Thank you so much for watching. Again, my name is Yusheeka Gray with DIY Credit, and I will see you in another video. Thank you. Bye for now.

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