Deferring Payment
Date: Fri, 11/17/2006 - 09:09
When you ask to deferr a payment, does it usually have to be paid back the next month ontop of regular payment or can it be paid back later in the loan?
Will creditors let you deferr a payment to catch up on other bil
Will creditors let you deferr a payment to catch up on other bills?
sometimes. It depends on the creditor. Normally defering means
sometimes. It depends on the creditor. Normally defering means moving the payment to the end of the loan. Meaning, if you have a 36 month loan and ask to defer payment 12, it gets moved back to the 37 month.
Some creditors though will only delay the payment...give you an extra week ro 2 to pay it.
It all depends on the creditor...just give them a call and see what they can do. Some, not all, will work with you.
Most of the creditors will. If it is a car loan, then they will
Most of the creditors will. If it is a car loan, then they will most likely require you to have at least a 3 or 6 month payment history before they will let you skip a payment.
