Will the foreclosure moratorium be reported to credit agencies in Ohio?
Protect Your Credit During Foreclosure
If you are facing foreclosure in Ohio, you may be wondering if the foreclosure moratorium will be reported to credit agencies. It's important to understand the potential consequences of a foreclosure on your credit and financial future, as well as the options available to you to avoid or mitigate them.
The good news is that the foreclosure moratorium in Ohio, which was put in place in response to the COVID-19 pandemic, does not require credit agencies to report the foreclosure to your credit report. This means that, during the moratorium period, the foreclosure will not appear on your credit report and will not affect your credit score.
However, it's important to note that the foreclosure moratorium is temporary, and it is expected to end at some point in the future. When it does, the foreclosure may be reported to credit agencies, and it could have a negative impact on your credit score.
If you are facing foreclosure in Ohio and want to explore your options to avoid or mitigate the impact on your credit, it's important to seek legal guidance as soon as possible. The experienced attorneys at Doucet Co., LPA can help you understand your rights and options and work with you to develop a plan to protect your credit and financial future. To schedule a consultation with our team, call us at (888) 200-9824.