Anyone request loan forbearance / delayed payments?
Just curious if anyone here has gone through the process yet. Everything that I have read thus far states that loan forbearance payments will be due as a lump sump at the end of 30, 60, or 90 days. In other words, you'll need to pay the full payment at end of the forbearance period. That's not very helpful at all and delays the inevitable.
Has anyone successfully reworked their loan terms and instead, find a way to get a lender to extend the term of the loan by 30, 60, 90 days?