It could be a problem. A forebearance is when your lender (typically student loan or mortgage) gives you a break on monthly payments but adds all those amounts due back to the loan later. In this time of COVID, lenders can't figure out who is entitled to a forebearance or not so they're putting people in them without any request from you! It can damage your credit score and cause nasty surprises later on!

 

Michael F. Cardoza, Esq.
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U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.