I got a new alert of my Experian credit report and I’m a little confused by it. I was Chapter 7 discharged on 5/6/19. Everything on my credit report looked okay. I added a new card by capital one and credit score increased after the first date. Today I got a new alert saying there was a change and it’s from Navient and it says this: NAVIENT has flagged your account as Chapter 7 Bankruptcy Petition. If you file a bankruptcy, but a judge has not yet ruled that it can proceed, it is known as bankruptcy petitioned. Chapter 7 bankruptcies generally remain on your Credit Report 10 years from the filing date. I’m confused why this would be added now post discharge. Is this a mistake I should dispute or should I just wait for another update and things are still working itself out? I also have a “late” for June, when I never got a notice for anything that was due. ... View more

What a road it’s been, but I received my discharge papers from my attorney in the mail on Wednesday. I got preapproved from Capital One for an auto loan as I’m turning in my vehicle, but going to drive for as long as I can until GM comes to get it (which I don’t suspect will be long). I also got preapproved for an unsecured Capital One card as well for $2k. I’m done with any apps for now. It’s been kind of nice for a year and a half not using any credit. I will use this Capital One card for my small sewing business and pay it off to help rebuild. Thanks everyone for your support! ... View more

I am expecting my discharge to happen on Monday. It’s been a long road and I appreciate these forums so much. I recently asked about the forums about surrendering my vehicle and you were all a great help. I imagine that once my discharge officially happens, it won’t take long for GMC to come get my vehicle. Once I decided I was not going to keep the vehicle, I stopped paying (I was current up until that point). Now, my Credit Karma scores are reflecting 670-678 scores with everything showing as zero. I know these scores can be different from my FICO and can I pull it right after discharge or wait a couple of days? Is there a good time? I want to have an idea where I’m at when I apply for financing for a new vehicle. I know rates will be high, but it’s the decision I need to make. ... View more

First I'd like to say thank you to this forum.  I used this forum to help my credit and financial situation prior to buying a house over 4 years ago and now (unfortunately), find myself filing for Chapter 7.  It's an unfortunate turn of events (spending too much, job change and making much less, emergency surgery, every swan song imagineable), but after much research, there is a lot of hope thanks to all of you, so thank you!  My 341 Meeting was 3/5/19 and I'm waiting for discharge.   I just reaffirmed my mortgage today and I originally was going to keep my vehicle, but after really thinking about it, I've decided I'm going to surrender it.  The payment is just too high for what I make and I owe much more than what it is worth.  I talked to my attorney about it and he mentioned updating my petition to let them know I would be surrending the vehicle.  He said it would be $300 for them to get the paperwork in order and it can be arranged for them to pick up the vehicle.   He mentioned that I have no contractual obligation to the vehicle and his assistant said, "Let me know if that is what you wanted to do."  I feel like they're indirectly telling me that this paperwork isn't a required document and because I haven't signed an affirmation agreement, I don't have an obligation to pay (the only payment I have "missed" was March which is when I decided I wasn't going to keep the vehicle).     I have already emailed them to ask, but wanted to see your experience with this.  Can I just call the lender myself and arrange for them to pick it up after the discharge?  If I have to pay the $300, that's fine since I have it from not making the car payment, but if it isn't required (or necessary), I'd rather just do that.  Hope this makes sense! ... View more

I just wanted to send a huge thank you to everyone in this forum!  I looked at pretty much every post since I decided to bite the bullet and buy!  While I was financially ready for a long time, I emotionally was not ready to take on such a big financial decision.   I had a credit score of 780, DTI of 40% and used funds from my 401k as a 10% down payment and went conventional, 4.125% interest. It was pretty straightforward minus having to provide a profit/loss statement for my small side business that I receive a 1099 for, but it got me a jump start on my taxes :)   To those just starting, be PATIENT, ask questions, and be reasonable.  If you have a good agent and loan officer on your side, they will answer any and every question you have! :) ... View more

Okay, going through the process of home buying now.  After inspection, found out the house needs a new furnace. Agreed upon $4K from seller.  Originally was going to up my closing costs to $5K (was getting $3500) and get back $2500 at closing, but found out you can't do that, but the option is to have the furnace replaced prior to moving in or taken off sale price - $175,000.   The only "pickle" I'm in is that I was going to possibly upgrade the furnace to a higher efficiency and perhaps add central air.  I didn't have that figured into the HVAC quote since I didn't feel that was the seller's responsibility to pay for things that I wanted.   Now, should I have it taken off sale price, update the furnace or explore discount points and have the seller put the $2500 towards that?  My interest rate is 4.125 conventional.  I'm 31, so this is not likely my forever home.   What would you do?   Original Numbers: House price - $175,000 DP: 17,500 4.125% $3500 in closing from seller.   TIA ... View more

I'm going through the process of closing on a house!  Yippee!  I have a 780 score and the mortgage and debt will be at a 41% DTI.   What things should I watch out for before closing?  I won't be opening any accounts from now until closing, but just want to make sure there's anything else I'm missing.   TIA! ... View more

So after following and learning on these boards, I finally took the plunge and got pre-approved for a mortgage - yay!  Now here's my dilemma.  I know a couple of agents.  One I committed to a few months ago and said I would be looking early spring of 2015.  Well, now that I'm starting the process, I called right after I applied.  No Answer.  I called after leaving the loan officer.  No Answer.  Waited a couple of days.  Again, no answer, but no call back either?!   I know people get busy, but am I absurd to expect a call back?  Another note.  Again, we know each other, so she has my number.  When should I say forget you and talk to my other friend?  Believe me, I am NOT high maintenance and I am afraid of hurting someone's feelings, but I also want someone to earn my business and not expect it. ... View more

My lease is up in February and I think I'm finally ready to buy.  The entire process is nerve-wracking to me, but it's time!  So, when should I start the application process so I don't have an overlap of rent.  Also, how reliable are the free credit scores that my CC give me?  I get them from Discover and Juniper and I'm over 800 (awesome!), but I know mortgages use a different FICO formula, so I want to be prepared.   Thanks! ... View more