Voluntary Surrender in 04

[MeLLE159]

I posted this in another thread but I didn't get any responses. So I will try here:

I gave a vehicle back in 04 and was sued by the company in like 06. They tried to get me to pay and I didn't and it was left alone for awhile. In like 08 I had to go back to court to discuss making pmt. Talked to a lady and we agreed on pmt and she was suppossed to send paperwork to me before I made pmt. I never received anything so no pmt was ever made. Fast forward to today I'm going to be filing soon and haven't heard anything else from them. It says on my CR that it should be removed in OCT 2010. Just wondering what are the chances of that happening? I know it will be included in my BK just wondering if I will get lucky and it will be removed before than! Lol!

[justbroke]

If the last time you made a payment was 2003, then it must come off in 2010. If you had actually made payment in 2006 or 2008, it could legally be kept on your report until 2013 or 2015, respectively. It's all based on the "last activity date".

Even if you file bankruptcy, the item will just go to IIB (included in bankruptcy) status. It should still fall off in 2010 because of the last activity date. If it doesn't, just file a dispute.

[MeLLE159]

Justbroke thanks so much for the information. That is what I was hoping because I know that it has affected my interest rates on things and I just want it off so once I start repairing my credit I will be in a better situation!

[backtoschool]

Justbroke thanks so much for the information. That is what I was hoping because I know that it has affected my interest rates on things and I just want it off so once I start repairing my credit I will be in a better situation!

I agree with justbroke. The item will come off of your reports no later than November 2010. It will say included in bankruptcy and show a zero balance. If it is reaged because of the bankruptcy, you should be able to dispute it off your reports as an item that is older than 7 years old.