During the COVID-19 pandemic, governments and financial regulators worldwide have taken steps to support credit markets and prevent a freeze by offering measures like payment delays. It's crucial to coordinate fiscal, monetary, and regulatory policies for long-term success. Implementing these measures carefully is important to avoid delays in recovery caused by inaccurate credit data. Efficient credit reporting systems can aid in stabilizing and recovering from the crisis by facilitating private sector lending, reducing public intervention costs, informing policy decisions with data, and calculating credit risks accurately.