Bank Of America Allowing Loan Deferments Due To Coronavirus Pandemic
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BOSTON (CBS) – Bank of America is offering financial assistance for customers during the coronavirus pandemic.
Bank of America is allowing customers to request deferments on mortgage payments and auto loans due to coronavirus.
The deferments would extend the life of the loan, but wouldn't be put down as black marks on people's credit reports.
The bank also says it has temporarily paused evictions, foreclosures, and repossessions.
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