What if i can't afford my loan payments?

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Pansy Carroll asked a question: What if i can't afford my loan payments?
Asked By: Pansy Carroll
Date created: Wed, Feb 10, 2021 11:35 AM
Date updated: Fri, Jun 24, 2022 2:05 PM

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Top best answers to the question «What if i can't afford my loan payments»

You should contact the creditor as soon as possible and explain that you're having a hard time and can't pay the bill. The creditor may be willing to put your loan into temporary forbearance if your financial shortfall is a short-term one, or may allow you to work out a repayment plan.

What should I do if I can't afford my student loan payment?

  • For federal student loans, there are several repayment plans available to reduce your payments, including: You may also be able to postpone your payments under deferment or forbearance.

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