Pay off car, or keep for building credit

[ScaredINMich]

We are about a month out from our Ch 7 discharge and reaffirmed our SUV loan. It has about $6000 left on it at about 8 or 8.5% interest. I don't know how much longer the loan is for, maybe 3 years, but I've been paying extra on it since the beginning.

With not paying house payment and our tax return we can pay it off and still have about $4000 saved.

Loan is only in DH's name. Didn't know if it's better to keep the loan for a year or so after discharge, or just pay it off while we can.

Thought?

Thanks.

[free2breathe]

I'm not sure, but on a discharged debt, even if you still pay the loan, I don't think they can report on it. So, I think I'd pay it off myself.

ETA: Woops, totally slipped by the reaffirmation. They "may" be able to report if you reaffirmed. Not sure on that one, but I still think I'd pay it off for my own brain game.

[Logan]

I vote pay off car!