And we are doing better than ever
Our credit scores are 650 so not bad but they still have some catching up to do. We have our mortgage and one car loan and nothing else. We have a couple of CC's but we pay them in full at the end of every month. We bought our vehicle in October and got it financed through Chase at 12.75%. Today our credit union said they will refinance it with nothing down b/c we are NOT UPSIDE DOWN! Finally! We've always been upside down. Anyway it's cutting the interest rate to 7%! All we have to do is decide if we want it for 40 months- which is what's left on the original loan or raise our note just a little and go 36 months. We only owe $12,500 so the note will be below $400 a month either way.
We also have 2K put back in savings. We would have had more than that but we had a baby in March and had to buy all new baby furniture. Before filing we had nothing in savings at all.
All in all I must say we learned a LOT and we are finally doing good financially!
Our credit scores are 650 so not bad but they still have some catching up to do. We have our mortgage and one car loan and nothing else. We have a couple of CC's but we pay them in full at the end of every month. We bought our vehicle in October and got it financed through Chase at 12.75%. Today our credit union said they will refinance it with nothing down b/c we are NOT UPSIDE DOWN! Finally! We've always been upside down. Anyway it's cutting the interest rate to 7%! All we have to do is decide if we want it for 40 months- which is what's left on the original loan or raise our note just a little and go 36 months. We only owe $12,500 so the note will be below $400 a month either way. We also have 2K put back in savings. We would have had more than that but we had a baby in March and had to buy all new baby furniture. Before filing we had nothing in savings at all.
All in all I must say we learned a LOT and we are finally doing good financially!
Closed November 2010
- DISCHARGED 7/6/10m CLOSED 7/26/10 
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