If You Must Go Into Debt, Here’s What to Consider

Taking on debt or getting a new credit card shouldn’t be your first option for tapping more cash during the coronavirus crisis

Americans struggling to make ends meet in the coronavirus crisis may have to do something many would rather avoid—take on more debt.

While often discouraged by financial planners, more debt might be a necessity given the depths of economic hardship wrought by the pandemic. Already some 22 million Americans are seeking unemployment benefits. Others are bracing for layoffs, furloughs and other financial setbacks.

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