options with redemption/reaffirmations, etc with a car

[DebtZombie]

So, if I understand this right...........

I could talk to my car lender and have them bring down what I owe to a value closer to what the car is worth? Most don't however, some will if what I read is correct.

or

i can find a lender to finance the upside down car, a 722 redemption company? (I am looking into that with a few options)


or

is there any way to force this issue , can a judge force them to drop the value of the car, interest rate ,anything?

[justbroke]

is there any way to force this issue , can a judge force them to drop the value of the car, interest rate ,anything?

No. You cannot value a car in a Chapter 7, unless you are going to purchase it through the Redemption process. A reaffirmation "renews" the same terms, so it keeps the balance. Very few lenders will reaffirm with a principal and interest rate reduction, but some do (usually credit unions... even though they can be a pain in other circumstances).