If you have any credit card or loan debt, try to keep up with your monthly payments so your account doesn't go into default and damage your credit. "If you're truly struggling, make sure you call your credit card companies or other lenders to make alternative payment arrangements," advised Castro. "Many companies are willing to work with their customers right now. Visit the American Bank Association website, which has a list of banks who are helping during this time with mortgage loans, car loans, and credit card payments."
For student loans, the federal government has temporarily paused interest charges and payments until September 30. This applies only to federal loans and not private ones, and the debt doesn't just go away; it will still be waiting for you after the six-month forbearance period (as of now, at least). It does give you a little buffer room on payments though, which can provide relief if money is tight.
