Question How many payments towards personal loan are needed to avoid problems in filing?

[Aidencent55]

I have 2 personal loans, one from Lending Club and one from Upstart. The Lending Club loan I already have a year of making monthly payments towards and the Upstart loan I have currently made 3 payments toward, currently not late on either loan. I've read of potential problems if you take out a personal loan and then quickly file bankruptcy as they assume you took out the loan with no intention to pay it back - could be charged fraud or problems with creditor challenging bankruptcy. I'm stopping all my credit card payments at this time, so that I can hit my 90 day marks before filing, but I'm not sure if I should keep making payments towards the Upstart loan to avoid problems or if 3 payments made is safe to avoid these issues? If not, how many should I make to be safe? 4, 5, 6? I'm not even sure I could do 5 or 6 and still wait another 90 days to file so they don't seem like a preferred creditor payment.

Any help and experience would be appreciated.

[sophieanne]

Aidencent55 - Welcome to the forum. I’m sure you will get a few responses. If you are planning to file, stop now. Since you have paid your loans, it’s not going to look like you’re trying to commit any type of fraud. In fact, I took out a payday loan and filed before the repayment was taken from my account. When I took it out, the thought of filing was never on my mind. Stop paying all loans, etc and start looking at talking to potential attorneys..consultations are free and you’ll be advised how to go forward. Good luck and please post any questions you have. Members are happy to answer questions and share their experience.