So we have decided we want to redeem our car. I have noticed in other threads that US Bank is the bank that that does this. My question is, what if you are including them in your BK? Will they redeem it? Are there any other redemption companies we could use?
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Why redeem? Are you upside down? is the payment you have too high? I would suggest you just ride through, or pick up something else.
as to using US bank- it's doubtful. Freshstartloans is another one, but you must be current on your payment.Filed: 11/25/08 - chp 7 no asset
Discharged: 2/24/09 CLOSED 3/7/09! -
US Bank is one of our creditors. We tried to do the 722 redemption loan and got denied because of this.Comment
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I already started another thread about if we should redeem or not. We have decided that option is for us. We are current and upside down about 5k. I just wanted to know where we could get the redemption loan.Comment
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I actually just did some research and now have another question. Has anyone heard of the 910 day rule? We bought our used car in October of 2007. Is this going to affect us? I am freaking now. We want to do Ch 7Last edited by taramaxed; 02-19-2009, 10:46 AM.Comment
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The 910-day rule ONLY affects Chapter 13 filers.Originally posted by taramaxed View Post
Filed CH7 9/24/2010, 341 on 10/28/2010, Disch.&Closed: 1/6/2011. FICO EX: 9/2: 672.
FICO EQ: pre-filing: 573, After BK Public Record: 568, 10/3: 673.
FICO TU: pre-filing: 589, After BK Public Record: 563, 9/2: 706.Comment
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Thank God!! I was freaking out about what we would do for a car.Comment
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I hear you!Originally posted by taramaxed View Post
I'm in the same situation when all of a sudden somebody mentioned I couldn't redeem due to that law. Fortunately, he was wrong.
Filed CH7 9/24/2010, 341 on 10/28/2010, Disch.&Closed: 1/6/2011. FICO EX: 9/2: 672.
FICO EQ: pre-filing: 573, After BK Public Record: 568, 10/3: 673.
FICO TU: pre-filing: 589, After BK Public Record: 563, 9/2: 706.Comment
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