I am contemplating filing Chap 7 BK as a no asset case.
I have a car note that I will want to affirm (14 months more to pay off car) with US Bank. I also have a cc with US Bank, not linked in any way, owe 6k on it, opened over a year ago, with 8k on it. so far I have paid 2k towards the US bank cc.
will US bank let me reafirm the car note, in spite of the fact that they are going to eat 6,000 on the credit card? I have not missed a payment on either. I am current on my car note.
the US bank cc was a balance transfer of some high interest cards. offered at 0% for 12 months. now the interest rate is jacked up and the minimum went up from $70 to $120 a month. I have kept it current....lots of juggling!
I could transfer the cc balance to another credit card, and wait to file 6 more months if I have to. but I was hoping to file sooner than later, and I don't want to raise any red flags with a large balance transfer being done. even though I owe more on the car than it is worth, I want to keep the car since I have kept it up well. I don't want to have to buy a question-mark car out of bankruptcy. I also wanted to reafirm the car note so I could be working on rebuilding my credit while paying the remainder of my car note.
other than charging a few essentials a month ago, I have ceased using all of my credit cards and am still paying on them...the minimums, but still paying!
the last balance transfer check I wrote was for $2500, in January 2010, not on the US Bank account. I bought some things that my ex broke on his exit out of my life. also bought a bedroom set since he was too cheap to ever buy anything nice for the home. (divorce final in March) so I'm cleaning up my life...ex and ex's debt. (yes, I got stuck with the debt, longer story...doesn't matter)
thank you!
(Ohio resident, if that makes any difference)
I have a car note that I will want to affirm (14 months more to pay off car) with US Bank. I also have a cc with US Bank, not linked in any way, owe 6k on it, opened over a year ago, with 8k on it. so far I have paid 2k towards the US bank cc.
will US bank let me reafirm the car note, in spite of the fact that they are going to eat 6,000 on the credit card? I have not missed a payment on either. I am current on my car note.
the US bank cc was a balance transfer of some high interest cards. offered at 0% for 12 months. now the interest rate is jacked up and the minimum went up from $70 to $120 a month. I have kept it current....lots of juggling!
I could transfer the cc balance to another credit card, and wait to file 6 more months if I have to. but I was hoping to file sooner than later, and I don't want to raise any red flags with a large balance transfer being done. even though I owe more on the car than it is worth, I want to keep the car since I have kept it up well. I don't want to have to buy a question-mark car out of bankruptcy. I also wanted to reafirm the car note so I could be working on rebuilding my credit while paying the remainder of my car note.
other than charging a few essentials a month ago, I have ceased using all of my credit cards and am still paying on them...the minimums, but still paying!
the last balance transfer check I wrote was for $2500, in January 2010, not on the US Bank account. I bought some things that my ex broke on his exit out of my life. also bought a bedroom set since he was too cheap to ever buy anything nice for the home. (divorce final in March) so I'm cleaning up my life...ex and ex's debt. (yes, I got stuck with the debt, longer story...doesn't matter)
thank you!
(Ohio resident, if that makes any difference)
Comment