Posted on: 22nd Apr, 2009 08:28 pm
I am considering asking for a forbearance on my student loan.
Will this have a negative impact on my credit report, when I go to buy my first home?
Will this have a negative impact on my credit report, when I go to buy my first home?
Hi Curiouscat,
I don't think it will have too much of negative effect on your credit. Actually a forbearance helps you prevent the loan from being reported to the credit agencies as delinquent and thus protects your credit.
I don't think it will have too much of negative effect on your credit. Actually a forbearance helps you prevent the loan from being reported to the credit agencies as delinquent and thus protects your credit.
i think forbearance wont affect your loan from being garranted.inspite of bad credit u can seek it
no, forbearance won't have a negative impact on your credit standing; it will probably be helpful to you as you seek a mortgage loan.
