bankrupcty and voluntary repayments

[rebtimrob]

Question:
> My husband and I filed bankruptcy a year ago and it has been discharged.
> We are wanting to buy a new car and have - equity on the current car that
> we are buying which was included in the banruptcy. The lender didn't want
> to do a reaffimation agreement, but they offered for us to be able to do
> voluntary payments on the car. We have pulled all three credit reports
> and all three show a O balance due on this car so does that mean if we
> called the company and told them to come and get the car that it would
> already be included in our bankruptcy and we wouldn't find any further
> negative credit from doing so?
>

[BassBoy]

A reposseision would show up on your credit, which is a double whammy. IMO, you should purchase the car you want while your scores are good, then when you've got your new wheels parked in the driveway, you can call the lender and tell them to come get it. That's how I did it. Actually, a few of the dealerships I first spoke to about my situation recommended getting another car before having the other repossessed.