Auto loans without re-affirming

[Dis0314]

We had a chapter 7 bankruptcy this past Feb and in that BK we had two auto loans that we chose not to re-affirm. We still have the cars and are still making the payments. I did have two other vehicles which were returned to the banks during the bankruptcy.

I've always had a perfect auto loan credit history, even these vehicles through the BK were paid on time, every time.

I've read that having a great history of excellent auto credit rating would most likely result in an easy process for a new loan. If I had reaffirmed and kept paying then all would be good but how is it seen with me not re-affirming?

Also do the vehicle loans that were turned in count as bad?

[helpmeout]

You have a bankruptcy on your record. You no longer have an excellent credit history, auto or otherwise. And since you did not reaffirm, your current history of paying on time doesn't count as they can only say "included in bk".

That said, you may still be able to get financing, but it's not going to be the best rates. I managed to get 7%. Some wanted to charge me 20%.