What option will not be available if you are behind on loan payments?

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EverFi Financial Literacy Lesson 5: Credit and Debt Quiz – Quizizz

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What option will NOT be available if you are behind on loan payments? answer choices . A financial institution may offer for you to pay a little now and pay the rest after your next pay day. You can borrow money from friends and family. … What option will NOT be available if you are behind on loan payments? answer choices . A financial institution may offer for you to pay a …

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FAQ what option will not be available if you are behind on loan payments?

What option will not be available if you are behind on loan?

Ask your financial institution to get out of the loan contract. What option will NOT be available if you are behind on loan payments? A financial institution may offer for you to pay a little now and pay the rest after your next pay day. You can borrow money from friends and family. You can ask to get out of your loan.

What to do if you are behind on loan payments?

You can ask to get out of your loan. Your financial institution might allow you to defer the loan but you'll have to pay the interest. What could be a good option available to you if you are behind on loan payments? A financial institution may offer for you to pay a little now and pay the rest after your next pay day.

What happens when you can’t make a payment on a loan?

These loans can easily send you into a debt spiral, and the time will eventually come when you can’t make your payments. 9 Consolidating payday loans is one of your best options when you can’t pay them off or sell anything to drum up cash.

Is it a good idea to get a loan from another lender?

great idea because you don't have to deal with another lender. not great because car dealers don't offer loans. What option will NOT be available if you are behind on loan payments? A financial institution may offer for you to pay a little now and pay the rest after your next pay day.

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