Continue To Pay Mortgage-File Date Oct 31 ?

[robger99]

Plan on filing at the end of October after cutting out all my overtime for next 3.5 months. Want to lease a new car at the end of July so I am outside of the 90 day window.Need to maintain my credit score for just a couple of more weeks in order to get approved for new lease.Plan on throwing existing lease into bk but will maintain payments on it as well to not have it repod. and to keep my expenses high . I have a mortgage payment due on the 15th-should I pay this or will it not affect my credit score that quickly if I do not. Do not plan on keeping the house after chapter 7 as it is upside down. Is there any negative consequences associated with stopping to pay the mortgage 3.5 months before filing. Plan on stopping payments on 27k in cc debt very soon as well. Any input on timing/etc. greatly appreciated. My lawyer seems very competent but I like to double check things for myself.

[justfiveofus]

They can't report to the credit bureau until you're 30 days past due.

Also if you're planning on stopping your payments anyone be smart and SAVE THAT PAYMENT every month but in cash. I wish we'd done that instead of trying to get into somewhere before our first 30 day late.

[momofthree]

Is there a reason you're planning to lease instead of buying? Buying is a wiser financial decision. Once it's paid off, it's yours to keep, and an auto loan payment really doesn't cost that much more than a lease payment. It's amazing how much money is freed up in your budget when you don't have a car payment!

And ditto the above poster. Creditors cannot report a debtor as late until they are at least 30 days past due. And that does not include a grace period. So, for example, if your mortgage payment is due on the 1st, but they give you a grace period until the 15th, you're technically 30 days late on the 1st of the next month--not the 15th. Make sense?