Bruce Bennett/Getty Images In response to COVID-19, Bank of America is offering payment deferrals for home loans, auto loans, and credit cards for up to 90 days. If you are still facing financial hardship after 90 days, Bank of America will consider further payment assistance on a case-by-case basis. Interest will continue to accrue on all loans, and any missed payments will be tacked onto the end of home and auto loan terms. Read more personal finance coverage » Bank of America recognizes that many of its borrowers are losing work amid the COVID-19 outbreak — and, as a result, struggling to make payments on loans they've taken out with the bank. Bank of America offers three types of personal loans: home loans, auto loans, and credit cards.
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feedback@businessinsider.com (Laura Grace Tarpley), Business Insider
Tue, 04/07/2020 - 2:09pm
BING NEWS:
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In July 2023, more than three years after the COVID-19 pandemic hit Iran hard, Iran’s Health Ministry announced the end of the COVID-19 state of emergency in the country. While refugees remained ...
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