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