UPSIDE DOWN on Car

[Broke in TX]

I have a car that I Owe $15,000 and is worth only about $8,500 and needs a new transmission for about $2500 (4 wd). Its a 1999 SUV with 101,000 miles.

My understanding isthat if I don't reaffirm and keep making payments that they usually won't come after it if I'm current. I also have been lead to believe that my on time payments won't show up on my credit without reaffirming.

Here's my question - If I voluntarily turn the car back in after discharge (discharge scheduled for +-15 days from now) does the voluntary repossesion show on my credit?

Also I NEED a car to get back and forth to work - after discharge who would give a car loan? If I go to a dealer that carries their own notes this won't show up on my credit for on time payments would it?

Any help or success stories are greatly appreciated!!!

[StaciMM]

If you turn it in now, or 6 months from now, the same should show on your credit report: Included in Bankruptcy, $0 Balance Owed. (Or something similar.)

As to financing after Bk, that is another can of worms. It would probably be a good idea to try to get everything fixed on your credit report first. I get plenty of things in the mail-you will just have to be careful, run the #'s for yourself and decide what is good for you to do.