Forbearance Program
What is it?
The CARES Act of 2020 established the federal Forbearance program. For all loans guaranteed by a government agency, up to 12 months of delayed payments are available on request.
If you are having trouble making payments, we can connect you with the resources to find out if your loan is eligible for a forbearance delay.
Options
The big question is: What happens when the 12 months are over?
Will you have to pay the back payments as a lump sum?
What if you don’t have a job?
We offer free guidance to anyone in a Forbearance program. In partnership with Attorneys and Lenders, we provide as much information as possible; how you proceed is entirely up to you. As with all of our services, the current state of the market and what we are seeing in economic trends help us to offer the best and most current information.
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