Forbearance

**Forbearance**

Forbearance is a temporary relief option that allows borrowers to pause or reduce their loan payments during times of financial hardship. Often used in the context of student loans, mortgages, and other types of debt, forbearance helps prevent default by granting extra time to get back on track without accruing penalties. This tag covers topics related to how forbearance works, eligibility criteria, application processes, and its impact on credit and loan balances. Use this tag for posts discussing strategies, news, and advice on managing loans through forbearance periods.