I was approved through 722 for a replacement vehicle. Haven't checked it out yet since I"m not filing for 2 more weeks. But, I've heard good/bad about them, mainly high interest rates.
I'm surrendering my SUV because we owe more than its worth and the payments are sky high. Would it look bad/hurt us if my mother bought a cheaper car and let me make the payments on it for a year or so then let me 'buy' it from her (refinancing it into my name, actually)? Or should I go with the 722 just to have everything in our name so we can show it on the BK paperwork?
I'm surrendering my SUV because we owe more than its worth and the payments are sky high. Would it look bad/hurt us if my mother bought a cheaper car and let me make the payments on it for a year or so then let me 'buy' it from her (refinancing it into my name, actually)? Or should I go with the 722 just to have everything in our name so we can show it on the BK paperwork?
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