New Bill Would Suspend Negative Credit Reporting During Covid-19 Crisis

Thank you, Senators Brian Schatz (HI) and Sherrod Brown (OH) for  introducing a bill that would protect people’s credit scores during the coronavirus outbreak.

If this bill passes, creditors could not report late payments or other negative items to the credit bureaus during this time of economic hardship. While people are scrambling to make ends meet during layoffs and reduced pay, they would not have the burden of worrying about their credit scores on top of everything else.

Additionally, free credit reports would be made available for a year after the crisis.

If you agree with this bill, you can click “like” at  the bottom of the Senator Schatz’s page here.

2 thoughts on “New Bill Would Suspend Negative Credit Reporting During Covid-19 Crisis

  1. Is this true?

    On Thu, Mar 19, 2020 at 10:33 AM Ask Carolyn Warren wrote:

    > askcarolynwarren posted: “Thank you, Senators Brian Schatz (HI) and > Sherrod Brown (OH) for introducing a bill that would protect people’s > credit scores during the coronavirus outbreak. If this bill passes, > creditors could not report late payments or other negative items to the c” >

    • Terence, it is a bill that has been introduced. It is not yet passed into law. You can click on the link at the bottom of my post to see the confirmation on the Senator’s website that it is true that he has a proposed bill. Do not think that you can pay late without having it reported now; the bill has only been introduced at this point.

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