Car Loan

[mlevesque308]

Hi all-

I was discharged in October. Prior to filing I purchased a vehicle at a stupid interest rate. 2times of the income and attorney suggested another allowable expense. Car was not affirmed in BK. I was wondering of anyonencoulnoffer advice. Would lender (Santander) refinance? Is that a smart solution? Should I try and trade in? Or, should I keep driving paying the bigger payment on an asset I could turn in at anytime.

My mortgage is through private developer financing @ 3% fixed for 30 years, I obtained this 1 year prior filing. Downfall if it's not reported to credit burueas.

I was just approved for an unsecured credit card $800 CL. I'm sure that's helping.

Any help would be great! Love this forum.

[mlevesque308]

Pardon the grammar courtesy of iPhone.

[Pjmax]

I would shop around for refinancing rates, and try a local credit union, if you want to keep the car. Have you checked your credit reports since discharge? Do you know what your actual Fico scores are now?

[mlevesque308]

I've had them cleaned up and checked. Low 600's

[mlevesque308]

It's a 2013 Subaru love it so far in winter.

[Blossoms]

If you don't owe more on the vehicle than it's worth, you should be able to refinance it elsewhere. What's the interest rate on the current auto loan?