Overuse of credit cards(Image: Getty Images)Figures from StepChange debt charity show that during lockdown Brits have built up £6billion of extra borrowing across 4.6million households. And even getting an extension to your credit limit "just in case" could prove a problem. That means using the pandemic as reason to shut down all borrowing and cut up your cards could actually hurt your credit score in the long run. "If you do miss a payment, it’s important to act as soon as possible as this can put an unhealthy dent in your credit score," Open Money said. "If you’re able to pay the full amount and simply missed the payment, pay the amount and call your provider to query the late charges.

Source: Daily Mirror June 21, 2020 05:58 UTC