The Lending People

The lenders that offer help to you, in the manner of a school grant or school  loans, has the right to charge you even when you are unemployed and can’t afford the payment they set in place for you to pay them back for 20 years. Some lenders will allow you to pay what you can afford for up to one year and then after that you have accumulated more interest and a higher payment  schedule then you can afford so, they just keep sticking it to you. oh and deferment is just to say ok we understand but they put interest on that as well. In the long run, you will be paying the lenders double the amount  than you had anticipated. I think that you should pay what your original loan was and nothing more.


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