CompUSA question

[Cali7]

I just had my 341 meeting a couple weeks ago and everything seemed to go smoothly--trustee report still not on Pacer, but I'm attributing that to backlog. Back in March I purchased a laptop computer on a 18 month no interest plan with my CompUSA card and was up to date on payments through September.

I have continued making car payments without problem as I plan to keep it. Regarding compUSA, I haven't received a statement and just realized today that what would have been my last statement due date has probably recently passed.

I've read on these forums that CompUSA and BestBuy consider themselves secured creditors. My question is, if that's the case, can I continue making payments to keep the computer? If that's allowed, will a single late payment impact my chances of doing that at the same terms?

What happens if I stop making payments until I'm discharged? Will CompUSA offer that I can continue on the same terms? Or will I need to immediately surrender the computer or pay the total value?

Thanks in advance for the insight. My attorney hasn't really been a great help about this specific question.

[StaciMM]

This is something you'll probably need to speak to the creditor about. Generally, if you keep your payments on a secured item-its no problem to keep it. Your agreement though likely included something about charging back all the interest if you miss a payment, and they couldn't send you a statement due to the automatic stay.

What they will or won't agree to is hard to say. Keep in mind that they don't want the laptop back though.

[Minnymouth]

If you keep paying on it you can keep it. Though they WILL NOT send you any more statements. It will be your responsiblity to see that payments are on time.
Since is is a secured item, yes they can come and get it if they want too if you quit paying on it.

If you plan on keeping it, request a statement of your account and when its paid in full, request a paid in full statement from them....

If you included it in your creditors, just wait it out - they more than likely do not want it back (too much trouble).....and won't pursue it.

Minny

[robivi3]

They don't want the old stuff back, likely they won't come for it. They would have shown if they were intersted. If it is a worry you can still pay on the card, but it isn't necessary. I wouldn't.

[sunshine08]

You won't get any statements from creditors, they are not allowed to contact you in reference to collection of a bill. If they sent you a statement, that is an attempt at collecting. I kept copies of my statements and sent those in when it was time to make the payments. Call them, they may take payments by phone. Your attorney didn't advise you if they were secure or not, becuase if they didn't show up maybe they don't want it. i only paid my mortgage and vehicel payments.
Let us know, it is a good question.