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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.

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