Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
Re: Student Loan Charge Off - Bankruptcy

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.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
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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