From January 31, 2020, through the expiration of the national emergency declaration, reports to credit reporting agencies must show accounts current, even where there is a forbearance or agreement to defer or modify payments of a person affected by the COVID-19 crisis.

OUR BOTTOM LINE: If you are healthy and have extra time on your hands, now might be a good time to take a look at your credit and do some clean-up work. You can emerge from this crisis with a strengthened credit profile as a result.