After BK..what changes?

[DaisysMom]

I filed on 2-23-12....had the 341 a few days ago. Headed for discharge as a no-asset.

After the discharge what usually changes financially? Such as, will my car insurance premiums go up? Homeowner insurance?

I know my credit will be shot for awhile, but what all can that affect for non-loan stuff?

What have you experienced post discharge?

Thank you

DM

[sofarsogood2]

Never noticed any changes on insurance fees (home or auto). And actually, rebuilding has not been that difficult. Got our first post BK loan from our new credit union, 8.9%- then Ford car loan at about the same, then another Ford at 5.9%. Got a few CCs- low limits, pay them in full monthly. Approaching 800 score 2 years post discharge.

[LadyInTheRed]

Whether insurance rates will be affected depends on state law. Some states don't allow insurance rates to be based on your credit rating. I know California is one. I don't know what the others are.

[Drazil65]

My husband (he filed) rec'd a CC offer for 9.0% the week before discharge on 3/21/12. The offer talked about rebuilding after discharge etc, so I do not think you have to go looking for it as it seems to find you!

[LadyInTheRed]

My husband (he filed) rec'd a CC offer for 9.0% the week before discharge on 3/21/12. The offer talked about rebuilding after discharge etc, so I do not think you have to go looking for it as it seems to find you!

Yep. I'm only 2 years into a 5 year Chap 13 plan and I'm getting credit card offers with lines like "everyone deserves a second chance." I think my shredder may burn up soon.

[nohoneymoney]

What changes post -discharge? The phone got quite. We could tell collection agencies where they could go. We could start building up a rainy day fund. All companies we deal with, other than banks, have not changed in any way. The banks behave the same but they can no longer attempt to collect a debt. All is good. It has been a true fresh start. Enjoy it!