Reaffirmation Finally Came

[debtmonster]

I couldn't care less about future credit. I am not even going to bother myself with trying to rebuild my credit. After all of this and a little advice from Dave Ramsey, I no longer "worship at the altar of the FICO score".

The financial system in this country promotes, encourages and penalizes you according to how much debt you're in, or have been in. It's BS, if you ask me.

As a matter of fact, I have developed my OWN idea of what the American dream is. At least for me. It's not owning a big home, a late model car...blah, blah, blah. It's having a decent place to live, food on the table, clothes on my back and money in the bank. It's about going to sleep at night knowing that I don't owe anyone anything. That is true peace of mind and MY American dream.

A HUGE high give on that one. I agree with this 100%. I don't care about my credit anymore. I want to do a Ch. 7 and live on CASH ONLY from now until I die.

Like I've posted in previous messages, we have a 2007 BMW X3. We owe $37,000 on it. With the miles it has on it, it's worth about $25,000 as a trade-in. Has 23,000 miles on it. You can double-check this with www.kbb.com

We have a 2007 Saturn Ion. We owe about $13,300 or so. It has 62,000 miles on it. It's worth maybe $6,000 to $7,000 as a trade.

So if we ever came eligible for a Ch. 7, I'd be foolish to also sign a re-affirmation, right?

With both cars, we are about $17,000 to $19,000 upside-down. When I went to another car dealer trying to trade them both in to have ONE CAR with ONE PAYMENT, he said it could not be done because I'd be adding $17,000 of negative equity onto the new loan.

If I could just do a Ch. 7 and have a vehicle to drive for 6 to 8 months to give me time to save cash for a used car, this would be great. I'd want a $3,000 beater car found off of www.Autotrader.com.