we are letting our two cars go..

[B65]

when we filed we filed to surrender them... Dh's car is worth 700 bux he owes 700... it broke down the day discharge came through early feb, and we spent over 700 to fix it..... then 2 weeks ago it broke again and now another 900 to fix.. no way! he drives 3 hours a day for work so we had to get him a new car... Old one is on driveway... My car was IIB we have a high payment and we have never been late, did not reaffirm anything.... but i need to get rid as payment is too high and hubby needs the more reliable car.... so do i just call them and ask them to come get it? they have been reporting 2 times to cc agency ,so I need to sort that out. I will not owe anything right?

also the car is with capital one, we have never been late on aything with them, they gave Dh and I a CC the day of discharge and we use it to pay one utilitiy bill once a month and pay it in full 2 days later, to build credit... will they stop this card once we turn in the car? even though it was IIB??

Thanks for any info......

[TEW]

As long as you did not reaff the car loan you can call them and tell them to come get it.
There is no way to tell how it will effect the CC

[jeb]

Others may have a better solution but IF you are going to let it go back, why not get them most out of it?

Why not stop the payments and keep driving - normally it would be months before they come get it but since it is in BK this may not be true. - jb