If you’re struggling to make your repayments, some lenders may allow you to freeze your loan to make it more affordable. For example, some lenders may offer the chance to defer payments for one month or two without accruing more interest to help you through a difficult patch. This should not affect your credit score. However, if you take an alternative approach by reducing repayments this could not only increase the overall cost of the loan but could also harm your credit rating.