LogFAQs > #937374627

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TopicSo how are people supposed to pay back their rent and mortgage payments?
Kombucha
04/14/20 10:34:20 AM
#6:


MagnusX posted...
That's exactly what it means for some banks. Deferred payment is just deffered. Interest still accrues and you'll be stuck with three monthly mortgage payments at once. Banks don't give a fuck about you or I.

Really? That's terrible. I mean I guess it makes sense because extending / modifying the contract would probably be more complicated as it's a legally binding document.

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