The hardship truth
If your payment is less than the interest-only amount, your debt is growing even with full payments. Call creditors about hardship forbearance or a debt management plan before this compounds.
Hardship Payment Plan
Build a payment plan you can actually afford during financial hardship.
Results
Affordable monthly payment
$500.00
Payoff timeline
34 mo
% of income
16%
Interest-only floor
$240.00
Insight: You can make real progress at this payment level.
Frequently asked questions
1.What counts as a hardship?
Job loss, illness, divorce, major unexpected expense. Creditors respond better to documented hardship than vague requests.
2.Will this hurt my credit?
Hardship arrangements are usually reported, sometimes as 'partial payment' or 'AC' status — better than missed payments, worse than on-time.
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