Reaffirmed auto loan not reporting on credit report?

[kimberlee104]

Discharge was in April. The auto loan was reaffirmed in the ch 7 filing. I just pulled my credit for the first time since filing and noticed that my auto financing co. has reported:
"Discharged through bankruptcy ch 7/never late."
Recent balance:
$0/ paid as of 03/2011

Nothing about a re-affirmation

I am confused. I reaffirmed since I wanted to keep the vehicle and at the same time help re-build credit. Is there anything I can do? I have continuously been making on-time payments before, during and after my ch 7 filing.

[IBroke]

You need to contact your financing-company and ask what's going on.

[Nicollette]

Discharge was in April. The auto loan was reaffirmed in the ch 7 filing. I just pulled my credit for the first time since filing and noticed that my auto financing co. has reported:
"Discharged through bankruptcy ch 7/never late."
Recent balance:
$0/ paid as of 03/2011

Nothing about a re-affirmation

I am confused. I reaffirmed since I wanted to keep the vehicle and at the same time help re-build credit. Is there anything I can do? I have continuously been making on-time payments before, during and after my ch 7 filing.

I'm not 100% sure with this answer, but I think I've been told a creditor does not have to report to credit bureaus, even though you reaffirmed a debt? Its up to the creditor if they choose to report or not?

[IBroke]

I'm not 100% sure with this answer, but I think I've been told a creditor does not have to report to credit bureaus, even though you reaffirmed a debt? Its up to the creditor if they choose to report or not?

That actually applies to ANY loan - pre-BK, post-BK or even no BK at all. There is no law that requires credit-reporting. There is only a law (FCRA) that requires the reported info to be accurate.

My auto-loan with a small buy here, pay here lot wasn't reaffirmed but I sent them a letter where I asked them if they would be so kind to report my future payments as well and that I would be willing to reaffirm if that was necessary. It wasn't and they reported all payments until it was paid off. So yes, the loan had a ridiculous interest-rate but having a lender that is "within reach" had its advantages, too.