A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been suspended on federal student loans. Homeowners can ask for almost a year of mortgage forbearance. Credit card issuers and other lenders have significantly expanded their victim assistance programs.
Yet many Americans say they have taken more debt last year due to the pandemic, according to the NerdWallet Household Debt Survey.
If you are one of them, or have another household debt that has been suspended, you may not want to rush to pay that money back even if you can. The COVID-19 crisis and its economic fallout are far from over, so you’ll want to be strategic when dealing with pandemic-related debt and the like.
Here are some of this week’s best financial readings from experts at NerdWallet, Forbes …
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