Q: My credit union reported late loan payments when I was unemployed due to COVID-19, after being accommodated?
I was paid unemployment (California) based on $3,000 out of $38,000 in wages, against CARES Act calculation of unemployment for pandemic effected workers, and received only $87/week instead of $369, which disqualified me for extra $300/week in federal assistance.
As of Jan 31, 2020, I was not late on my RV loan. I received a COVID-19 extension for the RV while I was current in spring of 2020. I was reported as being late for my RV a total of five times, and five for my auto loan. I was given a COVID-19 extension for my auto loan late February when my field of massage therapy shut down in California. The reporting on my credit impacted my auto insurance, raising it over $100/month. I informed mountain America credit union I was owed more by unemployment and could repay them / work out a payment plan when I received the $10,000 I am still owed, but they told me to stop contacting them and repossessed my RV. Prior to COVID-19, I had a 100% rate of on time payments since May 2017.
A: Give the reporting agency copies of your extensions and challenge the late reports on your credit report. That should be sufficient to correct it.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
