Hello again! This place is very helpful for information. We just filed our paperwork last week and included in a reaffirmation agreement for a furniture purchase. I tried to make a payment to them for the month of November and they told us our account has been closed because of the bankruptcy paperwork they received and we cannot pay on the account. Our attorney told us that the bank will fill out the reaffirmation agreement, send it to our attorney and we will sign it at our meeting of creditors on Dec. 17.
Well the problem is that we have a 0% interest rate on a 4 year plan and $625 in deferred financing charges because of the interest rate. Since they won't accept my November payment and we don't have our meeting of creditors until December, does this mean they will hit us with a 24.9 default interest rate and add all the deferred finance charges to our bill since we technically missed a payment? If so, we only owe $1440 to begin with and they can just have the darn couch back.
Anyone have experience in this area? Thanks so much!
Well the problem is that we have a 0% interest rate on a 4 year plan and $625 in deferred financing charges because of the interest rate. Since they won't accept my November payment and we don't have our meeting of creditors until December, does this mean they will hit us with a 24.9 default interest rate and add all the deferred finance charges to our bill since we technically missed a payment? If so, we only owe $1440 to begin with and they can just have the darn couch back.
Anyone have experience in this area? Thanks so much!
Comment