Car loan

Date: Mon, 01/11/2010 - 06:47

Submitted by anonymous
on Mon, 01/11/2010 - 06:47

Posts: 202330 Credits: [Donate]

Total Replies: 4

Hi All: I have a question. I bought a car back in 2008 and had a cosigner. Well, life happened and I lost my job and as much as I tried not to, I had to file bankruptchy Chap.7. Well, the car has been discharged/acct. closed on my credit report. I just got back in the workforce and have been making payments to try and catch up. They never call or anything, I am the one making effort to pay. Would they come take the car if I don't pay? Just some advice.

Thanks

You should receive a letter of collection in the mail, unless yo

You should receive a letter of collection in the mail, unless you have moved and they don't have your new address.

lrhall41

Submitted by Shazzers on Mon, 01/11/2010 - 14:02

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Hi: I have been at the same address and have received nothing.

Hi: I have been at the same address and have received nothing. I do make an effort to pay a little at a time until I am caught up, so maybe that is why.

lrhall41

Submitted by on Tue, 01/12/2010 - 05:46

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A word of advice. Make sure you take any and all valuables out

A word of advice. Make sure you take any and all valuables out of the car if and when it is Repo'd they will steal whatever they can from you. I speak from experience Dec 2009, Merry Christmas thieves...

lrhall41

Submitted by on Tue, 01/12/2010 - 15:05

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this is just from my experiance in the auto loan industry. once

this is just from my experiance in the auto loan industry. once an account goes to the bankruptcy department/status they cant call you. if you reafirmed the loan in the bk then they legally cannot repo the vehicle unless you voluntary surrender it. now once your bankrutpcy discharges if your account is still past due they can repo it. so just make sure its current by the time your bankrutpcy discharges and you will be fine.

lrhall41

Submitted by bastoops on Tue, 01/12/2010 - 21:04

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