COVID-19 (Coronavirus) and Your Credit Score

COVID-19 (Coronavirus) and Your Credit Score Consumers who are experiencing a financial hardship may be wondering how potentially late or reduced payments might impact their credit scores.        The CARES Act Credit Reporting Provision The CARES Act amends the Fair Credit Reporting Act (FCRA). This new FCRA amendment provides protections only if a creditor approves a consumer for an “accommodation.”  An accommodation is an agreement for a forbearance, a payment deferral, a partial payment agreement, a loan modification, or “any other assistance or relief granted to a consumer who is affected by the coronavirus disease 2019 (COVID-19) pandemic 

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