Does anyone have any advice on this? I filed Chapter 7 yesterday. I am reaffirming my car loan. I also have a mastercard with the same company, as well as an auto insurance. I would like to reaffirm this one mastercard in addition to my car. My question is: When do I contact them about the credit card agreement? Other online sources advise waiting until after you file, but it shouldn't matter if I am reaffirming anyway, should it? I have mailed the Reaffirmation for my car to them, but have not received my 341 meeting date yet.
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I'm not sure if it will be simple to reaffirm the credit card. If it isn't a credit union, then keeping the car should not impact the credit card being discharged.Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision. -
Thanks for the reply. I'd feel better about making a committment with this creditor for the reason of my car, its current insurance, and decent interest rate. From what I have read, I was thinking they'd be thrilled to have this unsecured debt reaffirmed. I don't want to make my situation worse by being ignorant!Comment
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Copper 2,
Reaffirming on the car and insurance thru the same company should not be a problem.
The credit card debt with the same company would be discharged thru bankruptcy.
Since you are willing to pay off the credit card also (even though discharged in bankruptcy) I would mention this to them when I reaffirmed on my vehicle. Tell them you do not want to damage your credit with them in anyway, including the debt owed on the credit card.
Who knows, maybe they will agree and let you keep using the card since you are offering to pay it off also.
No harm in trying........
If down the road, you find you cannot pay off the credit card, you can stop paying on it (will owe nothing more since it was originally included in bankruptcy).
Your paying on the credit card after discharge is a "good faith payment".......
Let us know what they tell you when you suggest this!!
MinnyMinny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
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Be careful here...If the amount gets discharged and you continue to rack up the charges and such, and then decide to quit paying later...It wont be covered by the bankruptcy...Therefore you will be totally liable for the charges...Just be careful here and make sure you fully understand what will happen if you do and dont...Originally posted by Minnymouth
I would suggest if you want to continue making the payment in good faith...CUT THE CARD UP...DO NOT USE IT ANYMORE!!!
Good Luck...
~soldout~Comment
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