What No One Tells You About Deferring a Car Payment
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Source: ProPublica
Published: 2024-09-12 19:05 UTC+10:00
Section: General
Factuality Score: 95
Opinion Category: Neutral
Topics: Transport, Labour & Workers, Tax & Budget
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Snippet:
Have you taken out a car loan and struggled to pay it back? You’re not alone. Borrowers like you owe more than $1.6 trillion in auto debt, and many are falling behind. Your lender might have given you the option to move payments to a later date, also known as a “deferment,” “extension” or “forbearance.”
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