16/04/2020
Everyone please read carefully. What you don't know may bite you. Don't do any of these unless you absolutely MUST.
If you must, then deferred beats forbearance any day. Forbearance may just show up on your credit report simply by inquiring. Yes, that is happening and it may negatively impact you for up to three years as well as impacting your scores.
Forbearance:
The perceived break you get is still a 90 day buildup to being all due at one time.
Deferred tacks it on to the back end of the loan but may still have some negative impacts on your payment history flow.
Keep in mind these are things for people in dire need because the implications could be very detrimental to refinancing and other future options.
Do your research before you engage in any of these processes.