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A Temporary Hold
On some form of loan, this is certainly called forbearance. There are various other variants of forbearance. Forbearance may be used in many different lender/borrower circumstances and it is frequently combined with student education loans.
The fundamentals of Forbearance
Then face a hardship, you can ask your lender for forbearance if you borrow money and. Forms of hardships may be wide-ranging. They start around an emergency that is medical permanent impairment, task loss, temporary jobless, natural catastrophe, divorce, and much more. Some lenders will give borrowers a reprieve for making re payments on the credit responsibility in these situations.