Consumer Reports: How to clean up errors on your credit report
The first coronavirus relief package passed by Congress last year allowed many consumers to defer payments on federally back mortgages and student loans.
and last updated 2021-03-16 11:20:20-04
NASHVILLE, Tenn. (WTVF/CONSUMER REPORTS) â The first coronavirus relief package passed by Congress last year allowed many consumers to defer payments on federally back mortgages and student loans.
But some banks and credit card companies have erroneously reported these deferred payments as late. That makes an already tough financial situation even worse.
At the onset of the pandemic, the federal government offered a lifeline of sorts. Companies that offer federally backed loans, including student loans and mortgages, along with some credit cards and car loans offered payment deferrals to some consumers who were struggling to make ends meet - with no impact on their credit score.
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