TITLE LOAN INTEREST in Chapter 7
Can anyone please give me some input? Filed Chapter 7 in Kansas Feb. 26 and my wife included a title loan in the petition to help with our expenses since we are over median income and she is keeping the car and plans to pay off the title loan. I went to make her April payment today and the business (located in Missouri) said all interest stops accruing as of date of filing. That means this loan will be paid off pronto which is great BUT........what makes a tile loan any different than any other secured loan? I am sure Ford Credit, banks, etc continue to charge interest on reaffirmed debt. I would appreciate any help on this. thanks in advance
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