Credit Card Companies Cutting Limits and Postponing Mortgage Payments – Episode 195

Friday episodes are all about the effects of Covid-19 on your personal finances. There’s a lot of news and information out there, but we are distilling it down to specific takeaways that will allow you to weather this surreal health and financial crisis. In today’s timely episode we cover a lot of good news we’ve come across in the past week. We also address some of the impending changes to credit card limits as well as mortgage forbearance.

Additional resources from this episode:

• If you have a child and are in need of free meals, check out NoKidHungry.org for a searchable map.
• For mortgage forbearance, head directly to the Fannie Mae and Freddie Mac websites and enter in your info in order to see if you have a mortgage that is federally backed.
• If you’re looking to secure a new credit card before issuers begin to cut limits, check out our article on the credit cards we recommend based on how you spend.
• For a collection of some of the different funding options available to small businesses, check out the Phoenix.

And as we ramp up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!

Best friends out!