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Loan Deferment

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Anonymous
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Loan Deferment

Does anybody have any info on what happens when you get a loan deferred? I was ;ate on my auto loan and was able to get a 2 month extension, just wondering if the late will come off of my credit report, or am i stuck with it?

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1 REPLY 1
jcstarkey8826
Established Contributor

Re: Loan Deferment

I dont know about auto loans, but I know when I defered my student loans I got hit with lates. over the seven years of that loan i requested two deferments, they offered 6 months each time. I accepted and years later learned about credit and realized the impact that had on me.

 

Every situation is different though.

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