Filed in Feb and had my 341 in March. 100% payback at $1320/month. No mortgage arrears included in the filing and have always made payments to secured loans on time. I have a mortgage, rental property, 2 car loans, and a boat payment not included in the current plan.
Now the dumb question...
I just checked my credit score (just to see what impact it had) and noticed that all of the accounts (including mortgage, cars, etc.) are listed as 'Petition for Chapter 13' or 'Wage Earner Plan' depending on which report I'm looking at.
Is this to be expected? The mortgage is the only one that I'm concerned about as it will be the only loan to outlive the plan other than school loans. Thinking about new house someday down the road and hate to pay this thing for 15 years (total) and have no history to help rebuild my credit after the plan.
*As a note: My scores took about 90 point hit. Down to the 560 range now.
Now the dumb question...
I just checked my credit score (just to see what impact it had) and noticed that all of the accounts (including mortgage, cars, etc.) are listed as 'Petition for Chapter 13' or 'Wage Earner Plan' depending on which report I'm looking at.
Is this to be expected? The mortgage is the only one that I'm concerned about as it will be the only loan to outlive the plan other than school loans. Thinking about new house someday down the road and hate to pay this thing for 15 years (total) and have no history to help rebuild my credit after the plan.
*As a note: My scores took about 90 point hit. Down to the 560 range now.