I owe our credit union just over 400.00 on our auto loan for my husband's car which is prob. worth around 2500.00. We also owe them for a credit card for over 8k, which they say they have written off, but we can make payments on it if we want. duh...
So my problem is, is it better to pay off the 400.00 before filing bk so that we don't have to reaffirm the loan? I am worried because of the cross collateralization thing and wondering if it is better to have the car paid off beforehand, or is that just dumb? I don't even know if you can exempt the vehicle if the cu is not gonna give us the title anyways since we owe them for the credit card..
Please help
So my problem is, is it better to pay off the 400.00 before filing bk so that we don't have to reaffirm the loan? I am worried because of the cross collateralization thing and wondering if it is better to have the car paid off beforehand, or is that just dumb? I don't even know if you can exempt the vehicle if the cu is not gonna give us the title anyways since we owe them for the credit card..
Please help
Comment