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Forbearance

What Forbearance Means for You

Over 4 million Americans have put their loans into forbearance. Up until recently, there has been a lot of uncertainty about what it means when a borrower's loan goes into forbearance. Will there be a huge lump sum owed at the end of the forbearance period? Will it have an impact on credit? Will people be able to purchase or refinance in the future[...]