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Personal loan on bk

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empressj
Frequent Contributor

Personal loan on bk

Hi,

I have a personal loan that was added to bk schedule recently filed. I notified there's a big difference in the amount on my credit report vs the pay off amount provided weeks before filing bk. The payoff amount is approximately 5k more than what's on my credit report and bk schedule. I'm so confused. Could the difference be the interest? 

 

Any insight is appreciated.

Discharged Jan 2017
Rebuilding credit
Message 1 of 3
2 REPLIES 2
0REDSOX7
Valued Contributor

Re: Personal loan on bk

The amounts can be different - and is to be expected.  My guess is it would be interest and fees they added.  With that said, if you are discharged, the entire loan will be wiped out - not just the amount listed on your petition...

BK Discharge 2/11/14

Currently in the garden.
Message 2 of 3
empressj
Frequent Contributor

Re: Personal loan on bk

Hi, 

That was my guess too. Thank you for your response.

Discharged Jan 2017
Rebuilding credit
Message 3 of 3
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