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Between uncertain cash flow and concern over how to meet financial obligations such as payroll and bills, it’s a stressful time to be a small-business owner. Many entrepreneurs are experiencing the same anxieties over unemployment, debt and financial sustainability. Your personal and business credit scores could take a hit if you have to miss payments due to a cash shortfall.
Related: The Zero-Sum Mindset: How to Avoid Toxic Thinking in Moments of Crisis
Implement these strategies to help protect your credit score while we wait for the pandemic to pass:
1. Regularly review bank accounts for any suspicious activity.
Unfortunately, crises and the financial relief that often follows seem to bring out fraudsters and criminals. That’s certainly true in the current crisis with the CARES Act, which has already prompted its share of scams targeting your