Lenders say they’ll be flexible during the pandemic, but will they really?

Source: David Lazarus, Los Angeles Times (Paid Registration)

From student loans and mortgage payments to credit-card bills and rent checks, consumers are facing possibly the most uncertain time of their lives making ends meet.

Many lenders, loan servicers and other businesses are stepping up, announcing measures—or the possibility of measures—to ease people’s financial burden and help them through this extraordinary event. But it remains to be seen whether these declarations of goodwill are sincere efforts to share the pain or whether, in some cases, they’re just empty words.

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