We have filed Chapter 7 and live in California. We have been asked to reaffirm our motorcycle with our Credit Union. We owe 23,000 on it and it is worth according to Kelly Blue Book 16,000. We own a Scion XB also and we owe 13,000 and it is worth 11,000. We are not behind in any payments for either vehicles. Should we reaffirm and what are the odds of them repossessing our vehicles if we stay current with our payments? I would think it would be worth more to them to have the monthly payments coming in than to try to sell them for current market value. Please advise.
We also have not received any reaffirm agreement for the Scion. That loan is thorugh Capitol One Auto Finance.
We also have not received any reaffirm agreement for the Scion. That loan is thorugh Capitol One Auto Finance.
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