Last month, an Associated Press poll showed that most Americans are returning to normal life for the first time since the pandemic began. Covid presented unique challenges, but also unprecedented opportunities for those interested in rebuilding their financial lives. The number of Americans starting a new business hit a record. Personal savings also soared, thanks to stimulus payments, a moratorium on paying student debts, and foregone spending on luxuries like travel.
One credit expert says that the pandemic has created the perfect opportunity to rebuild credit as the foundation for a brighter — and wealthier — future.