Question Car max, carvanna, or Vroom

[DianeDiane1]

Hi. I'm new. Just about to file Upsolve and my car died. A lawyer recommended buy car first and not reaffirm loan just list retain and pay. Will any of the above virtual dealers not repossess if I pay on time? Anyone know? Any problems like stopping auto withdrawal of payment. Help. Thank you D

[justbroke]

Is this for a Chapter 7? Most lenders are okay with the "retain and pay" but there are some that force a reaffirmation, redemption, or surrender. There's no way to tell how your lender will react.

[DianeDiane1]

Yes, chapter 7. Do you know Carvanna or Auto Max's policy?

[DianeDiane1]

Carmax

[justbroke]

Not specifically. I do know that credit unions, Ford Motor Credit, and TFS (Toyota) seem to be the toughest and would demand surrender, redemption or reaffirmation. Most of the other creditors don't seem to care. But that doesn't mean for a specific case, such as if the loan is new/newer, that the creditor won't be more motivated to demand that the debtor select one of the only options allowed under the bankruptcy law.