Most major credit card apps also allow you to lock the account and replace your card if it’s lost or stolen amid the chaos of your current situation. If you check your score on a regular basis and it suddenly drops unexpectedly, you can track down the problem quickly.
Review the apps for other features that you may not have considered, like the ability to check your credit score. If you’re trying to maintain social distancing guidelines, use the check deposit feature available on most bank and credit union apps to avoid visiting a physical location. That small convenience saves you the step of searching the company’s website for a customer service number. Most lenders have added easy-access buttons that let you apply for relief plans if you’re struggling to pay your bills. Whether it’s your student loan servicer or your mortgage lender, using the company’s official app offers the benefit of providing you more immediate access to your information and to assistance during a crisis.
In a crisis, you may need access to a credit line you don’t typically tap, and you’ll want to have that account information handy.
PHONE APP FOR FINANCES QUA REGISTRATION
Instead, take a few minutes to review your budget or your bank and credit card statements from the previous year to jog your memory on regular but non-monthly expenses, like your vehicle registration renewal or credit card membership fees.Īlso list your banks and all of your credit cards - even the ones you don’t regularly use. Don’t trust your analog brain to remember all of them. Start by compiling a list of monthly, quarterly and annual bills - and the companies to which you send payments.
PHONE APP FOR FINANCES QUA HOW TO
Here’s how to make it happen in 15 minutes. How to Use Phone Apps to Protect Your Financesĭownloading apps from your various financial institutions can help you during a crisis, but only if you have access to everything you need. One way to start protecting your money: Use the digital apps for your banks and lenders. If knowledge is power, then setting yourself up to have all your financial information on hand could be the difference between a one-time disaster and a lasting financial catastrophe. An overdraft fee here, a late payment there and suddenly your initial problem is compounded by a financial hit that can haunt you for years. In fact, 88% of Americans reported the pandemic caused stress on their personal finances, according to an April survey by the National Endowment for Financial Education.īut staying in control of your finances is essential, particularly at a time like this. The coronavirus may just be among the latest calamities, but its impact was significant. A crisis is no time to wonder if your car payment is due.īut whether it’s a medical emergency, a job loss, a natural disaster or… let’s face it, some crisis we haven’t even imagined yet, it’s easy enough to lose track of the other priorities in our life - and that can add to our financial woes.
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