Here’s how the COVID-19 pandemic may have hurt your credit score
SAN ANTONIO – There is reason to check your credit reports if you made allowable deferred payments for homes, cars, college, credit cards and more during the COVID-19 pandemic. If the payments were reported as late, it could negatively hurt your credit score. Companies that offered federally-backed mortgages and student loans granted deferred payments with no impact to the borrower’s credit score. But, instead of listing the accounts as current, a Consumer Reports investigation found some companies reported those deferred payments as late, a mistake that can have a big impact on a credit score. To check for errors, log on to annualcreditreport.com to get free copies of your credit reports from all three bureaus, Experian, Equifax and Transunion.