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.
Connect with me
U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.