If you are behind on loan payments, several options typically become unavailable:

• Refinancing : Lenders usually will not refinance your loan if you are behind on payments, as you are seen as a high-risk borrower.
• Loan Modification : Changing the terms of your loan to make payments more affordable is often not offered if you are already behind.
• Forbearance or Deferment : Temporarily pausing or reducing payments may not be available once you are behind, because these options are generally reserved for borrowers who are current but facing temporary hardship.
• Loan Forgiveness : This is typically not an option if you consistently miss payments.
• Debt Consolidation : Combining debts into one loan with a lower interest rate may also be denied if you are behind on payments.

Being behind on payments can lead to serious consequences such as damage to your credit score, increased financial burden due to late fees and interest, wage garnishment, and even property seizure in extreme cases

. In summary, if you fall behind on loan payments, options like refinancing, loan modification, forbearance, deferment, loan forgiveness, and debt consolidation are generally not available to you