anyone done a ride thru on HSBC Auto?

[deadbroke99]

I have a 2004 Camry with 132,000 that I want to keep but not sure if I want to reaffirm. I have to decide this week. I am thinking of doing a ride thru. Anyone had one with HSBC?

[aces67]

I'm with HSBC. I intend to keep my car and I'm current on my payments. I have 19 days until discharge and HSBC hasn't even sent papers asking me to reaffirm. Right now I'm talking to US bank about a redemption loan. I'm just weighing my options. I'm upside down on the car.

[deadbroke99]

Well my 341 is next wed, and HSBC sent papers to my lawyer to reaffirm. Not sure what I should do. I do planning on keeping car but not sure if I should reaffirm.

[jb300]

I have a cargo trailer loan through HSBC and had my 341 on June 5th and have not heard a word from them, so I am just continuing to make payments. I intend to keep it as I use it for work but am kinda surprised I haven't heard anything.

[aces67]

We're now 2 weeks until discharge and still haven't heard from HSBC.

[JustOverBroke]

We seen our attorney yesterday he told us if we received anything about reaffirming to just ignore it he doesn't recommend reaffirmation and said to just keep making the payments on time and let it ride thru.

[Scooter10]

Everything i have read is dont re-affirm anything!!!

i received re-aff paperwork from my lender during the bk. I just igorned it, kept making payments. I called them after discharge to discuss and they said as long as I am currect they should not repo.

The really dont want your car. they get .35 on the dollar after they sell it at the auction so they just prefer you make payments.

[bethgould]

I just started taking over my mom's HSBC car payments and took her car as my own (unofficially until the loan is paid off in 2 years & she signs title over to me). I had to pay almost $600 to get them to stop repo proceedings, and I'll get her loan current within 2 months. Anyway, she may need to file a BK soon so that she has a better chance in getting into an affordable housing apartment (they check your credit) since her credit has gotten really bad in the past 1 1/2 years (became too disabled to work in her retirement anymore).

In this situation (I'm paying her loan) do you think that she will be allowed to exclude it from her BK?

[aces67]

I'm not sure about that. You may actually have to refinance it in your name.

[bethgould]

I'm not sure about that. You may actually have to refinance it in your name.

A. They (HSBC) won't allow it to be refinanced by another person, and also, I think she already refinanced it to lower the interest rate.
B. I can't have the loan in my name because I, too, will be soon filing a BK.