auto loan reporting after chapter 7 -- not reaffirmed?

[dancersmom22]

I'm working on cleaning up our post chapter 7 credit report (we were closed/discharged 12/2/10). We did not reaffirm our car loan with Santandar. Attorney/trustee both said not too, and, interest rate is horrible too! It is possible that at some point we may walk away from it, as we have 3 years left on the loan. In checking our online reports its reporting as "in good standing", open loan, paid as agreed, never late, doesn't show as discharged in chapter 7, like everything else. It is helping our credit scores right now, should I do anything about it? Leave it alone for now, until we need to get a different vehicle? Just not sure what to do?

[IBroke]

I'm working on cleaning up our post chapter 7 credit report (we were closed/discharged 12/2/10). We did not reaffirm our car loan with Santandar. Attorney/trustee both said not too, and, interest rate is horrible too! It is possible that at some point we may walk away from it, as we have 3 years left on the loan. In checking our online reports its reporting as "in good standing", open loan, paid as agreed, never late, doesn't show as discharged in chapter 7, like everything else. It is helping our credit scores right now, should I do anything about it? Leave it alone for now, until we need to get a different vehicle? Just not sure what to do?

Leave it alone - it is helping you for now - especially if you want to get a new ride in the near future. If you stay current (or less than 30 days past due), they will report information helping you to obtain a new loan. Once you have the new ride and walked away from the old, make sure they don't report anything derogatory because they mustn't do so.