Hello everyone, i have 7 more months in a 5 year plan to pay off my chapter 13 if my math is correct. My first payment was Nov 2006. The bank sent me the title to my truck a few weeks ago but i'm still sending in the same amount. My question is, should i get a title loan to payoff the blance of the 13. Those 920.00 per months really made thing hards over the last 4 years, i really struggled big time just to try to hold on and dont know how i made it this far. Thanks for your advice and best of luck to everyone on here.
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Was your payment plan to your unsecured creditors at 100%? If not, unless your truck will get you enough money to pay off your unsecured creditors in full then don't consider it. Besides, if you take a title loan you'll have a brand new payment plus interest. You only have 7 more months to go - hang in there, and congrats on making it this far!Filed Chapter 13 02/2006 - Confirmed 05/2006 - Discharged 09/2011
I'm not an attorney. My replies are merely suggestions or observations, not legal advice. As always, consult with an attorney before making any decisions. -
Hang in there! It will be over soon!!All posts are opinion only- I am not an attorney.Comment
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I'd wait out the 7 months, don't rock the boat now! Hang in there, you are almost done!Chapter 13 Filed: 2/7/07 Confirmed: 5/1/07 Discharged: 3/2/2012 Closed: 6/2/2012
130 out of 130 bi-weekly payments DONE
100% Completed
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Thanks everyone for your reply, i'm going to try to hang in there. I just want this thing over so bad so that i can regain my life and get it back on track.Comment
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