Vehicle Not Reaffirmed -- Want to turn in

[karen_2acds@yah]

Hi All!

I filed BK in Aug 2005 and it was discharged under the "old" law in Sept 2005. I had wanted to reaffirm my 2004 truck and my attorney knew my intentions. About 6 months ago I was looking at my credit report & my truck & loan with GMAC was listed as IIB. Yeah -- how much of an idiot am I not to notice it for 2 years and keep paying??? ACK!

Anyway -- called the attorney & she talked to GMAC & they were so busy with filings before the new law kicked in, that they didn't reaffirm. So -- I'm done with the truck -- it has too many mechanical problems and I don't want to put anymore $$$ into it. I just got a new vehicle & want to get rid of the truck. Sad thing -- almost 4 years of perfect payments -- never once late in 46 months & it shows $0 balance & IIB on credit reports.

So -- I know that since I didn't reaffirm, I can call GMAC & turn it in -- however, has anyone done this? Do I take it to a dealer near me? Do I have them come & get it? Any advice would be great!!!!! Thank you so much in advance! After all this time, I'm so nervous to call them!

[nc73]

Hi All!

I filed BK in Aug 2005 and it was discharged under the "old" law in Sept 2005. I had wanted to reaffirm my 2004 truck and my attorney knew my intentions. About 6 months ago I was looking at my credit report & my truck & loan with GMAC was listed as IIB. Yeah -- how much of an idiot am I not to notice it for 2 years and keep paying??? ACK!

Anyway -- called the attorney & she talked to GMAC & they were so busy with filings before the new law kicked in, that they didn't reaffirm. So -- I'm done with the truck -- it has too many mechanical problems and I don't want to put anymore $$$ into it. I just got a new vehicle & want to get rid of the truck. Sad thing -- almost 4 years of perfect payments -- never once late in 46 months & it shows $0 balance & IIB on credit reports.

So -- I know that since I didn't reaffirm, I can call GMAC & turn it in -- however, has anyone done this? Do I take it to a dealer near me? Do I have them come & get it? Any advice would be great!!!!! Thank you so much in advance! After all this time, I'm so nervous to call them!

Call GMAC and tell them you will be turning it in. They will give you the details. As for me I'm just going to drive it until it gets repossessed.

[lrprn]

Karen, I deleted your duplicate post. It's best to keep your question in one place - you'll get more and better responses that way.

If you filed with a lawyer that you liked, you can call and ask what he/she recommends. Typically this long after discharge, you just call the nearest GMAC dealer and get an agreement in writing about where and when THEY will be picking the car up. If you'd rather not hassle with them coming you to, arrange for a time and place for you to take the car to them. Again, get that in writing with signatures.

Until the dealer has taken possession, you should keep minimal insurance on the vehicle if you intend to drive it.