Forbearance is a temporary agreement between a borrower and a lender that allows the borrower to pause or reduce their loan payments. This arrangement is often used during financial hardships, such as job loss or medical emergencies, to help borrowers avoid defaulting on their loans. During forbearance, interest may still accrue on the loan, meaning the total amount owed could increase over time. It is important for borrowers to understand the terms of the forbearance agreement and how it may affect their overall financial situation, including their credit score and future repayment obligations.