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Forbearance (stopping or lowering payments because of financial issues) and deferment (short lived suspension system of payment for an agreed upon time), can be found on government loans also, although some private lenders offer these extensions or temporary postponement of payment also. They have so far recovered 40 percent of their losses simply.
The country provides 3. 3 million more jobs than before the recession and the overall economy is larger than it was in december 2007, when the downturn began. Nearly fifty percent (48%) of small business owners in the survey were not conscious of the liability shift; that number went up to 59% for businesses with fewer than six employees.