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What does a deferred payment mean on a truck payment?

Answer:

A deferred payments is to make the payment at a later date. From time to time a creditor may ask if you would like to skip a payment. They would charge you about $50 and move the payment or defer it to the end of the loan. This is not to your advantage. It costs you up front and costs you interest.

First answer by JT3 Racing. Last edit by JT3 Racing. Contributor trust: 31 [recommend contributor ]. Question popularity: 1 [recommend question].

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