Requesting Payment Options to Repair Credit When you are in debt the best solution for repairing your credit is to ask for extensions, or arrange payment plans. If you have student loans, you can call your loan officer and request deference on your payments. If you are turned down on deference, you can ask for forbearance. Forbearance is a postponement of your monthly installments. Most times, it is easier to get forbearance than deference. The problem is your interest rates accrue even when no payments are made. The forbearance against your loan often lasts six months to two years and
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