How certain are you the payment is going towards principle?

[logansdad]

I had a thought, I looked at my credit report before and after discharge, before it showed the amount of my mortgage a little higher than it was before by a couple of hundred dollars but i didn't pay much attention to that, mind you we are current and have never missed a payment. Then after the discharge it showed my mortgage amount at $0. I am current and pay every month but...There is no guarantee that my payment is going toward that balance since the amount now is o and not reporting to agencies. How are we protected and assured that our payments are going to the balance of that account and not some general fund?

[newbie2]

I had a thought, I looked at my credit report before and after discharge, before it showed the amount of my mortgage a little higher than it was before by a couple of hundred dollars but i didn't pay much attention to that, mind you we are current and have never missed a payment. Then after the discharge it showed my mortgage amount at $0. I am current and pay every month but...There is no guarantee that my payment is going toward that balance since the amount now is o and not reporting to agencies. How are we protected and assured that our payments are going to the balance of that account and not some general fund?

The lender will still keep internal records showing payments / balance. Call your lender and ask them to resume sending statements to you so that you can keep on top of it.

[keepinitreal]

You could call them once a month and ask for the payoff amount. Hopefully they won't say $0! Each month the number they give you should go down a small amount.

[logansdad]

The lender will still keep internal records showing payments / balance. Call your lender and ask them to resume sending statements to you so that you can keep on top of it.

They tell me that they cannot have any correspondence at all in regards to the debt???

[newbie2]

They tell me that they cannot have any correspondence at all in regards to the debt???

That's odd. We have Wells Fargo and they continue to send statements. They do have on them language like "this is not an attempt to collect a debt" to cover themselves. Call again and ask for a supervisor.