Tom Quinn | Source | Vice President, FICO Scores at FICO

If you have a loan bill coming up and you don’t think you will be able to pay it in full, it’s a good idea to contact your bank or creditor as soon as possible to make them aware of your situation. Your lender will likely have procedures in place to work with customers impacted by this unique health emergency. In fact, several federal and state regulators have already issued guidance to lenders encouraging financial institutions to work constructively with affected consumers, small business owners and communities.