Deferred mortgage? Why you should check your credit score – Business News – Castanet.net
Hundreds of thousands of Canadians have been negotiating with lenders over the past few months, hoping to hold off paying debt amid the COVID-19 pandemic.
Now, those payments are beginning to filter through the credit reporting system.
“We have seen the average number of accounts that are in a payment deferral status triple since before the pandemic,” says Eva Wong, co-founder and chief operating officer of Borrowell, which offers free credit scores and reports.
“It shouldn’t impact the credi…