Be wary of forbearance offers

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OSU experts warn consumers to read fine print of loan forbearance agreements

As part of the COVID-19 financial relief efforts, some creditors are offering forbearance on some loan payments for a few months. That could be a good deal for some consumers, but they must read the fine print of the agreement, said Cindy Clampet, Oklahoma State University Extension assistant family resource management specialist. “Institutions such as mortgage or car finance companies, credit…

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