New Covid-19 payment reporting?

[Nomad3]

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@M_Smart007 wrote:

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@pinkandgrey wrote:

Interesting. It does seem like most lenders/creditors are factoring this in when it comes to repayment. 

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One would hope so.

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Pretty sure they will expect everything due the second the "disaster" is lifted. Same will probably be true with rent, they might let you skate during the disaster then expect the full 2 or 3 months rent/payments immediately.

Hopefully I'm wrong, but I'm not trying to find out personally

[M_Smart007]

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@Nomad3 wrote:

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@M_Smart007 wrote:

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@pinkandgrey wrote:

Interesting. It does seem like most lenders/creditors are factoring this in when it comes to repayment. 

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One would hope so.

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Pretty sure they will expect everything due the second the "disaster" is lifted. Same will probably be true with rent, they might let you skate during the disaster then expect the full 2 or 3 months rent/payments immediately.

Hopefully I'm wrong, but I'm not trying to find out personally

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@Nomad3  It will surely be interesting, once the dust settles.

[krielly]

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Pretty sure they will expect everything due the second the "disaster" is lifted. Same will probably be true with rent, they might let you skate during the disaster then expect the full 2 or 3 months rent/payments immediately.

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It may be hard to believe, but some of us landlords are in the same shoes.....My tenant's rent is a source of income for me. DH has been laid off since before xmas. He's usually back to work in February, but because of the crisis, is still out of work. 

[Anonymous]

I was looking for an answer on this myself.  I want to defer some stuff but I am very worried about credit reporting.  Once there is a ding, its impossible to tackle.  I dont have any trust in this that this will actually be safe to defer payments and it not impact credit score / missed payments at all.