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Should creditor report reduced balance from sale of surrendered car?

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    Should creditor report reduced balance from sale of surrendered car?

    I surrendered a car as part of my BK, my creditor has sold it, I don't know for how much. If the creditor sold it for say $1000, would it help to have them update it on my credit report, so it shows defaulting on 2500 balance instead of 3500?

    #2
    No, the creditor should put a $0.00 balance, and state that this was included in bankruptcy.

    Nothing else is acceptable.
    BUSY running my own credit repair services! Sorry I don't stop in so often any more!

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