Auto loans that survive BK...

[rkg2004]

Does anyone know if it's true that auto loans you reaffirm and continue to pay through BK no longer report payments to the credit bureaus?

I just received a piece of junk mail that makes this claim and is trying to get me to look for a new loan, so I have to question if that's true, but it's got me concerned. Any feedback would be helpful.

[justbroke]

It depends. Most lenders with whom you reaffirm, will generally start reporting again if you ask (and/or sign an agreement that you wanted them to do so). As a matter of fact, I reaffirmed one of my auto loans, and it continues to be reported. I didn't ask for that!

[IBroke]

I got the best of both worlds:

I actually wanted to reaffirm but the lender, a small buy here/pay here company, never prepared an agreement. I send them a letter, pointing out that credit-reporting pre-BK on that loan would be crucial and if they didn't require a reaffirmation, they should consider this letter as my "O.K." to continue reporting.

Now, the loan is discharged (at least my part, my mother co-signed) AND they continue reporting every monthly payment - without any "IIB"-notation.

[Bubbles226]

My auto loan that was reaffirmed continued to report payments to all 3 credit bureaus.

[jribe]

My auto loan was with Honda Financial and i did not reaffirm- it still reports to all credit bureaus.