Should I Lower My Student Loan Payments With An Extended Repayment Plan?
If you're a borrower struggling to make student loan payments, an extended repayment plan may be the answer. An extended repayment plan allows borrowers to stretch out their loan payments over a longer period of time, thus making their monthly payments more manageable. This can be beneficial for those whose financial situation has changed or who are unable to make the full payment each month.
Extended repayment plans come with both benefits and drawbacks. On the plus side, you will have more control over your budget since your monthly payment will likely be lower than what it was originally. Lowering your payment amount could also give you more breathing room in terms of other bills and expenses such as rent or groceries. In addition, extending the length of your loan could help improve your credit score by reducing the amount of debt you owe relative to your income level.
The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706