✅Mortgage Forbearance can affect credit. In some cases your credit score can drop after mortgage forbearance depending on your situation. Loan modification can affect your credit score. Partial claim can affect your credit score. Mortgage forbearance late payments are not reported to the credit bureaus, but what happens at the end can impact your credit. Attorney Diego G. Mendez, Esq. explains some of the most common mortgage forbearance situations such as partial claims, and loan modification that may impact your credit.
02:09 Cares Act and Late Payments
02:54 Current When You Started Mortgage Forbearance
03:21 Late When You Started Mortgage Forbearance
05:12 Loan Modification Credit Impact
08:00 Partial Claim Credit Impact
09:34 Closing Thoughts on Mortgage Forbearance Credit Impact
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