March 30: People deferring their mortgage payments are making an unpleasant discover - it can wreck your credit rating
- Publication
- Kawartha Lakes This Week (Kawartha Lakes, ON), 30 Mar 2020
Description
- Creator
- Smith, Elaine, Reporter
- Media Type
- Text
- Item Type
- Newspaper clippings
- Description
- People paying mortgages made unpleasant discoveries after they requested mortgage deferrals from their lenders during COVID-19.
Any mortgage payments that were deferred showed up as late payments on credit scores at Equifax and TransUnion, which can heavily damage the credit score especially if done multiple times.
Banks and mortgage lenders offered mortgage deferrals as many Canadians lost wages from decreased hours and layoffs across the country and were unable to make payments during the COVID-19 pandemic. - Publisher
- Metroland Media
- Place of Publication
- Lindsay, ON
- Date of Original
- 30 Mar 2020
- Date Of Event
- 30 Mar 2020
- Subject(s)
- Personal Name(s)
- Hayward, Richard ; Moxley, Richard ; Hoyes, Douglas
- Language of Item
- English
- Copyright Statement
- Copyright status unknown. Responsibility for determining the copyright status and any use rests exclusively with the user.
- Contact
- Kawartha Lakes Public LibraryEmail:lindsaylibrary@kawarthalakeslibrary.ca
Website:
Agency street/mail address:190 Kent St W.
Lindsay, ON K9V 2Y6
(705) 324-9411 extension 1268
