Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19
Titan Consulting
APRIL 26, 2020
Deferring your auto payments may put you at risk for repossession if your lender requires you to catchup and make all deferred payments at the end of the deferral period. These options could extend the loan term, or reduce the interest rate to lower the payment permanently. . Some payment waivers could come back to haunt you.
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