The bank made the announcement on Thursday as part of additional support measures it is providing to its customers. It indicated small business and consumer clients could request payment deferments, with the missed payments added to the end of the loans. Bank of America said there would not be"negative credit bureau reporting for up-to-date clients.
"We're going to continue to provide convenient access to the important services they count on, and the additional assistance and support they need during this difficult period."Banks in Europe will delay mortgage payments for coronavirus victimsThe bank also said it has temporarily paused foreclosure sales, evictions and repossessions.
No they’re not. The other banks are giving 90 days grace. BankofAmerica nope. Fact check this
Only 30, I was given 90 by my bank
Once again big bank rides in and happy to defer your $1,000 mortgage and will make an additional $1,100 (30yrs 6% interest) And gov is likely to give them gov bail out for their help. Take it if you need it but it's not free.
Some body has to watch out for the small businesses footing the bill for leave for their employees.Any company with over 500 employees does not have to pay leave.
Sure request.... you realize what the answer will be, right? 🙄
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