If you continue to work, our best financial advice is to continue to make you regular payment. Delaying your payment costs you more money in interest and makes it take longer to pay off your loan. By making your payment now you also free up Challenge resources to help those most in need. Should you become unemployed later, the programs described below will still be available to you.
For those whose income has been impacted by COVID-19 Social Distancing, we do have several Payment Extension/Deferral Programs to meet your needs. Customers that participate in these programs will not have their Credit Report negatively affected. We have also provided information below on accessing the COVID-19 Government Assistance Programs available to help you pay your bills. To determine the most beneficial program for you, we need to know your circumstance. Please call your Challenge Loan Counselor at 888-444-4358.