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Can you refinance your auto loan while in b/k??

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    Can you refinance your auto loan while in b/k??

    Can you do that? Can I call eloan and see if they will take the reaffirmation/loan and possible give me a better interest rate? Filed b/k in June, had 341 meeting last week...

    #2
    You can try and go through US Bank for a 722 redemption loan. The interest rates are high and they aren't licensed in all states but what they do is refinance the vehicle for it's market value. Since it typically cuts off some of your principal your payment will go down even though the interest is higher. It only works if you are upside down on your loan though.
    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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      #3
      Congratulations!

      what a great day for you!
      Last edited by vb1962; 07-28-2009, 09:50 AM. Reason: spelling

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