bankruptcy records online
Bankruptcy experts: will this affect my credit?
I filed bankruptcy in 2005. My car loan was included in the bankruptcy. The loan was not reaffirmed, but I kept the car and continued to make monthly payments. The car company has made me pay through their “bankruptcy department” and won’t send me bills or provide me online access to my account. If I let this car go back, will it be counted as a repo, or is it part of the bankruptcy? My lawyer at the time said that it would be part of the bankruptcy and the car company couldn’t count it on my credit as a repo if I ever lost the car. But he wasn’t that good of a lawyer. My credit is really really poor, so would a repo on my record really hurt me at this point?
Your lawyer was correct, it can not be counted on your credit as a repo. Your credit report will still just say “Included in Bankruptcy”. But it is also not helping your credit as every payment you are making is not being reported either.
You did it in 2005 before the regulations changed. If you had done it now, you would have had to reaffirm the car. Once the car is reaffirmed, if you turn it back in then it would have gone as a repo.
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