If you can’t pay your personal loan due to financial hardship — including difficulties brought on by the COVID-19 crisis — many lenders offer short-term deferment plans that will let you extend your loan term in exchange for a break from your regular monthly payment. Temporarily pausing your payments isn’t free if your lender charges...
The article Can’t Pay Your Personal Loan? Here’s How Deferment Works originally appeared on NerdWallet.
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