About realm of consumer debt and individual revealing, a good ‘deferred’ notation are a bright red letter
Deferred percentage agreements imply that this new borrower is unable to satisfy the fresh terms of the mortgage since the originally conformed, features asked you to definitely repayments end up being deferred so you’re able to a period of time about upcoming, hence the latest borrower, as a result, features a lowered present ability to create repayments and can deal with those people deferred personal debt on a continuous foundation down the road. The fresh effect out-of Accused Equifax’s and you may Higher Lakes’ reporting out-of many away from student loans once the deferred’ in the place of reporting the new money just like the paid down punctually, is quick, sweeping, and disastrous.”
