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722 Redemption dilemma

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    #16
    What a great car deal! You came out ahead in that one. You can put away savings and eventually 'trade up' to a newer used car in a couple of years - maybe that costs $1000 instead of $500

    You have the right idea, owning is better than owing - especially on a car!
    Filed CH 7 9/30/2008
    Discharged Jan 5, 2009! Closed Jan 18, 2009
    I am not an attorney. None of my advice is legal advice in any way..

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      #17
      Originally posted by StartingOver08 View Post
      What a great car deal! You came out ahead in that one. You can put away savings and eventually 'trade up' to a newer used car in a couple of years - maybe that costs $1000 instead of $500

      You have the right idea, owning is better than owing - especially on a car!
      Yep! You definitely have the right idea!
      4/09 Converted to a Ch 7 due to loss in dh's income
      5/09 UST now involved no idea what happens next
      7/09 UST has decided to withdraw his motion to dismiss!
      7/27/09 DISCHARGED!!!

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        #18
        what were the terms of your 722 loan if I may ask, and is it like a blank check one where you take it to the dealer of your choice?

        Thanks
        Filed Pro Se- 12/15/2009
        341- 2/17/2010
        DISCHARGED- 3/18/2010

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