For borrowers dealing with hard circumstances, your loan provider may expand your repayments for extended. This may mean paying back over two or three smaller instalments if you have a loan until payday. Clients with short-term loans could have their repayments extended for longer.
The following is a good example.
You might have lent ВЈ500 for more than a few months.
If for example the lender proposes to expand your repayments, they might expand the mortgage to 9 months rather. Please be conscious that should this be the situation, they could charge more interest and a standard cost.
Freeze your interest
Each loan provider is significantly diffent and you longer to repay your loan, many may freeze your interest if they do give.
Each time a lender makes a determination to freeze your interest, no charges that are extra mount up.Read More