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Last Payment made - Letter of Completion - Car is near dead

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yamark
New Member

Last Payment made - Letter of Completion - Car is near dead

Hi all,

I've been reading these forums since I started my CH 13 bankruptcy in 2008 in KY.  Never posted.  I have learned a great deal reading the posts here.

 

Quick question...

I made my last payment last week....woohoo!  My case was audited and I received my letter of completion yesterday.  It was pretty emotional opening the letter...however a little bittersweet as I will have to start making regular student loan payments soon.  The CH 13 made me feel protected and I'm a little nervous about being out.  Maybe slightly comparable to being in jail for 5 years and being released to the real world.

 

My question:

My car is on it's last legs.  Is my letter of completion enough to get an auto loan or should I wait for my discharge?  My wife has stated she will cosign if it will help my approval and rates.  Also, will doing this have an effect on my discharge?

 

 

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starry1
Valued Contributor

Re: Last Payment made - Letter of Completion - Car is near dead

Congrats on completing!  I don't know the answer to most of your questions because I filed a Ch7.  I think with a 13 you have a better chance of being approved for a car right now.  Your wife co-signing should help your interest rate.  Good luck!


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