Included in the discharge was a 2003 camping trailer, purchased new. Since Jan we have been making the monthly payments, and in fact have never missed one over the course of the loan. We now find ourselves re-evaluating the need for the trailer, and the payment. It is worth aprox 6000 in excellent condition, however ours had a run in with a tree and has about 4000 in damage. We still owe about 9000 on it. If we walk away from it, do you feel the bank will repo it, and if they do, can that be reported as such? Not sure if the discharge eliminates the repo from being filed on credit report also. Sorry for duplicate post, still trying to navigate thru this site.
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Trailer was not re-affirmed. -
You can walk away. Repo will not go on your credit report. IIB will go on your credit report. They'll probably come get it in a month's time - tops. They usually come at about 3 in the morning.Filed August 20
341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!Comment
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Wonder why they would want it. It has zero value right now.Comment
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They'll fix it up.Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!Comment
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They will spend 4000 to fix and sell a trailer, that in mint condition is only worth 6000. Good luck to them......Comment
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It's the nature of their business. I'm sure they can get it fixed for less.Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!Comment
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