Q&A: Is it possible to defer payments get a bank loan?

September 8th, 2010 | Posted under Loans.
bank loan
by The Labour Party

Question by : Is it possible to defer payments get a bank loan?
If I get one is it possible to defer payments for a few months so I can get myself back on my feet? I got one before and I started paying right away.

Best answer:

Answer by normobrian
If you can’t pay the bill, you can’t borrow the money. In a few months, you will be in the same situation. You can’t borrow your way out of debt.

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