Statement of Intentions

[BigHairyPig]

Does anyone have any advice with regards to secured debt and filling out the Statement of Intentions and the Reaffirmation Agreements?

I have the following: 1st mortgage, 2nd mortgage, car lease, timeshare. (secured debts)

#1 doesn't want a reaffirmation agreement
#2 won't take my calls.
#3 won't agree to an "assumption agreement" for the lease
#4 we can't afford and want to surrender

As I see it, I can't submit a reaffirmation agreement on any of these secured debts. So do I just file the Statement of Intentions , serve the 4 plus the trustee, and be done?

[OhioFiler]

Reaffirmations almost never benefit the petitioner. I'd do ride-throughs.

[AngelinaCatHub]

Reaffirmations almost never benefit the petitioner. I'd do ride-throughs.

I agree more than 100%. We reaffirmed only due to the fact that I was 45 year member of my CU and wanted online payment on my car that only had 3 or 4 payments left. Also I had 2500 OD credit that I paid up and still have with them. Otherwise it is foolish to defeat your goal of a new start by encumbering yourself with the same debt that brought you here. 'Hub

[blessed]

Like the others said, reaffirming doesn't really benefit you. Okay so you get to have them report to the credit agency in a positive light, but is the risk really worth it?

That makes sense Hub, to reaffirm with only a few payments left. I had not thought of that scenario.

[aces67]

I would avoid reaffirmation at all cost. Just ride through on them.