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Credit Deferral


barney34
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Does a deferral from a Car and/or home loan show up on the credit report. Is this a bad option if I can pay the bills on time, but if I could defer two car and house payments I would be CC debt free in two months. Insted of taking 3 yrs to pay the balances off.

Do most lenders (Ford and GMAC) allow for a deferral period?

--Stephen

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Possible, but I don't see it too often with most creditors - the ones which reflect this most is the student loan companies. Hard to say, just have to wait 30 days until the creditors updates the credit report to see what has been reported.

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