How do mortgage payment deferrals effect your credit?

Well, it's likely to not be good. Modifications of any type usually show up as late payments and that has a big impact on your score. The good news is that when you get back on your feet, the positive payments you make will help you to be able to recover the score quickly...

Every lender deals with them differently.. Some will defer the payments and not report it on your credit report, others will defer and not put you into collections, but they will reflect the deferred payments on your credit as 30/60 day late.. it's really up to the lender.. next time you talk to them, ask them how they report this on the credit report. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

That all depends on how the lender reports it to the credit bureau. Some will not say anything, some will report it as a loan modifications, and some will show late payments. This is a great question for your specific lender.