In June 2025 I took out a $5000 personal loan (no collateral), which I made monthly payments on. On March 18 of this year, I took out a second loan with them for $4,500. They combined the two loans into one. There was no payment due in April. The first payment due was on 5/1. I made that payment. So, I have made one payment on the new/combined loan that originated 60 days ago.
It’s becoming clear now that I may need to file bankruptcy. If I stop paying this loan, how does the 90 day rule apply? Do you need to have made 90 days worth of payments (3 payments)? Or, can you just stop paying, and so long as you wait 90 days before filing, you’re good?
submitted by /u/Proxima_Bluest
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