What Solar Mosaic’s Bankruptcy Means for Your Payments

We’ve been hearing from many homeowners with one big question: What should I do about my Solar Mosaic payments now that the company has filed for bankruptcy?

Let’s break it down.

Other Mosaic Articles We’ve Written:

• https://blog.prevostlawfirm.com/solar-mosaic-bankruptcy-updates/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-your-payments/
• https://blog.prevostlawfirm.com/mosaic-solar-energy-warning-signs/
• https://blog.prevostlawfirm.com/prevost-protecting-consumer-rights-mosaic/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-your-case/
• https://blog.prevostlawfirm.com/mosaic-pauses-solar-loan-operations/
• https://blog.prevostlawfirm.com/what-solar-mosaics-bankruptcy-means-for-homeowners/

The Current Situation

Solar Mosaic has filed for Chapter 11 bankruptcy. While that may sound like the end of the road, it does not automatically cancel your loan obligation. In fact, Mosaic has sent letters to customers stating they are still in business, still processing payments, and still expecting payments to be made.

What Happens If You Stop Paying?

Whether you continue making payments is ultimately your choice. If you decide to stop, Mosaic will likely report missed payments to the credit bureaus, which could hurt your credit score. In addition, missed payments may be sent to collections, and in some extreme cases Mosaic could accelerate the loan and make the full amount immediately due.

In cases where our clients have chosen to stop paying, we include credit repair in our legal strategy. However, we cannot guarantee that every negative mark will be removed. This is an important risk to weigh carefully.

How It Impacts Your Case With Us

No matter which path you choose, continuing to pay or stopping payments, your decision will not affect your case with our firm. We support you either way. Our job is to pursue the best legal outcome possible, whether that includes wiping out your loan, repairing your credit, or both.

The Bottom Line

Solar Mosaic’s bankruptcy has created confusion for many homeowners, but you still have options. The decision to pay or not pay is yours to make. Just know that stopping payments could impact your credit, and while we’ll fight to repair that damage, there are no guarantees.

If you have questions about your specific situation, we encourage you to reach out so we can help you navigate this process with confidence.