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    Auto Reaffirm Question

    Hello all,

    My discharge is set for one week from today 8/19 I am so happy to get this whole thing over with like all of you. I reaffimed both of my vehicles one is has a handful of payments remaining and the other has got years left but I have a lot of equity in the vehicle in case I ever need to get rid of it so I had no problem signing the agreements. My question is once they start reporting to the bureaus again will they report the whole loan history or just starting after the bankruptcy, I have never been late on any of them or any car in 20 years for that matter. Thanks for any feedback.

    #2
    Sorry to say, but from what I ve read, they may not ever report them as current again.....it seems to be very hit and miss as to whether they will or wont, and there is much debate on the internet about whether they must or not..

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      #3
      Wow!! that is a real bummer, I thought that was one of the only pros of reaffirming. Unreal!

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        #4
        Yeah, I am in same boat. I just got discharged yesterday....so I ll give it a month or so and see how they report...then if not reporting I ll call my lender and ask them to change it. We ll see if they will or not.

        Only thing is that if you WANTED to keep the cars (and sounds like you did) you likely had to at least TRY to reaffirm for them to allow you to keep paying. I ve seen many stories of people who were current on VEHICLES (mortgages are different) but didnt at least try and reaffirm under the new BK rules, and then ended up getting repoed after discharge.

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          #5
          One of the main reasons for me to reaffirm is one vehicle is almost paid off, so I figured if I could show I made a few payments and then pay it off it would really help the fico score, I checked my score recently and its at (647) and was very surprised I know that's a terrible score but I figured if it they can show both vehicles maybe this would get bumped up a couple of notches, there goes that theory now, of course before BK7 at this time last year I had a 782 fico. I literally thought I was going to see a score in to low 500's.

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