Preparedness During the COVID-19 Crisis
March 13, 2020
Bridgeforce joins the nation in its concern over the effects of the COVID-19 crisis, and our thoughts go out to all who are impacted.
As part of our industry stewardship, we share this quick public service message regarding three aspects of these difficult times:
- The importance of proactive loss mitigation (e.g. payment holidays, short-term debt relief)
- Appropriate handling of data furnishing for credit reporting
- Rapid deployment of digital services required to enable business continuity
While most organizations have a “business continuity plan” established, this is both a rapidly developing and unique situation.
When striving for readiness as this crisis unfolds, our clients and any financial institution can contact us for specific strategies and actions around proactive loss mitigation, data furnishing for credit reporting and digital enablement, or any other questions that arise.
We know in times like these, gathering information is critical to making decisions and we are happy to speak with you, commitment free, as events continue to develop.