There is no adverse affect on credit, they are not reporting to credit bureausThe issue with that is it will adversely affect your credit. This could in turn read like “foreclosure” or “short sale” due to using the suspension. That will mean you can’t do anything in regards to a mortgage for 4 years. If you can pay it then it advise paying it.
Like I said anybody with a Wells Fargo mortgage look into if u need assistance, there really are no drawbacks