Using Loan Deferment to Overcome Short Term Financial Obstacles
Posted on February 2, 2011 - Filed Under College Loans | Leave a Comment
Using Loan Deferment to Overcome Short Term Financial Obstacles
Loan deferment is a financing option that allows borrowers to skip loan payments with lender approval. Depending on the circumstances, lenders allow debtors to roll payments to the end of the loan without inflicting damage on credit reports. Borrowers must abide by deferment policies and may be [...]
Q&A: My college loans are in repayment and I can’t pay yet. What’s the best way to go, deferment or forbearance?
Posted on January 18, 2011 - Filed Under College Loans | Leave a Comment
Question by damama23: My college loans are in repayment and I can’t pay yet. What’s the best way to go, deferment or forbearance?
I’m only working part-time right now and only taking home approx. $ 500./mo. I’m looking for a second job. I have approximately 2 weeks to either extend a general forbearance [...]