Most people who take loans intend to repay them when instalments are due. However, due various reasons, you may fail to pay your loan as scheduled. Luckily, you can opt for a loan deferment option whereby you delay your loan payment to some time in the future.
Your credit score is all-important when it comes to a successful loan application. From getting a house to an education loan, critical life opportunities can come down to a number and a single letter on a sheet of paper. Avoid making these mistakes that will lead to a poor credit score.