Re: Student Loan Charge Off - Bankruptcy
10-01-2012 07:05 AM
This is more common with car loans - the finance company contracts establishes bankruptcy as a default. With car loans the way you deal with that is to reaffirm the loan in bankruptcy. To do that now you would need to reopen your case.
If I were you I would ask my attorney. This sounds like a mess being manipulated by the lender. While they couldn't communicate with you they could and should have communicated with your attorney.
I had a similar experience with a car loan I was required to pay off by my divorce decree. I actually finished paying it after filing BK but before discharge, so didn't reaffirm. The lender eventually took it off IIB reporting.
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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