How COVID-19 Payment Accommodations May Affect Your Credit

If you’ve been affected by COVID-19, you may be eligible for relief in paying bills. That can help you prevent damage to your credit from late payments at a time when protecting your credit could help increase your financial resilience.

But hardship and forbearance programs are not automatic — you have to apply for most of them. And you’ll want to understand how they will affect your credit reports and scores.