topic Re: Chapter 13 Paid in Bankruptcy

Chapter 13 Paid

tnvols — Thu, 05 Oct 2017 18:04:05 GMT

I called the trustee yesterday to confirm they got the last check, thus giving me a zero balance. She says everything looked in order and now it gets a final review and blessing by the court before they issue my discharge. I asked her about getting a secured card and she advised that we just wait a few days until the DC arrives in the mail. They consider secured cards the same as acquiring new credit so we can certainly wait a few more weeks.

Can't wait to begin our rebuild and I think we have a pretty solid plan thanks to some great advice I've learned here. 60 months has been a long road but it's the price we had to pay for putting ourselves in the position that we did. It won't ever happen again. Our entire outlook has changed after living on debit cards for the past 5 years. We used to look at credit cards as a way to get things we wanted to buy now... instead of saving for them. We realize now that credit cards are simply a tool to be used for acquiring high FICO scores for the best car loans and mortgage rates.

We will keep you guys posted as we start the climb. Right now MyFico is 633/576/615.

Re: Chapter 13 Paid

Anonymous — Thu, 05 Oct 2017 18:25:07 GMT

Congrats on making it so far, and best of luck as you move forward. You've already put in a lot of good work and it sounds like you're only going to continue.

Re: Chapter 13 Paid

medicgrrl — Thu, 05 Oct 2017 23:13:57 GMT

Congrats on making that final payment! I know how long that 5 years feels. Best wishes on your rebuild

Re: Chapter 13 Paid

Anonymous — Tue, 10 Oct 2017 05:20:39 GMT

Congratz on your Achievement!

When you actually receive the physical paper of the Discharge Order, you will get your next thrill.

Best Wishes!

Re: Chapter 13 Paid

tnvols — Tue, 10 Oct 2017 18:40:39 GMT

Trustee said that everything will goto the court on the 26th and they turn them pretty quick. I spoke with NFCU yesterday and they suggested we start with secured cards even though we already have higher FICO's than many that are approved for unsecured. She suggested that we have seperate savings account there and that we apply individually for secured cards then add each other as AU.

My plan is to do NFCU secured, CapOne(unsecured but will do secured if necessry), Disco secured, and Achieva Credit Union secured. Achieva set us up with a $20k car loan at 6% DURING our CH13 because of our long relationship with them prior to filing. That loan is at 11 months perfect payment history.

Re: Chapter 13 Paid

BamBam2000 — Thu, 19 Oct 2017 15:52:13 GMT

My situation is similar to yours. I paid my Chapter 13 off early and I'm just waiting until the trustee does the final audit and prcesses the discharge. What state are you in? I'm in Illinois. Current FICO's are EQ-640, TU-573 and EX-611. Hoping and praying the discharge will give me a little boost. Each case is different.

Re: Chapter 13 Paid

tnvols — Thu, 19 Oct 2017 16:06:53 GMT

Filed in FL, but reside in TN now.

Re: Chapter 13 Paid

Anonymous — Thu, 19 Oct 2017 17:56:36 GMT

Same boat here guys, final payment made in July, Trustee site shows case completed, trustee site shows refund entered (still wondering when that shows up) Pacer shows motion to deem mortage current has been signed also. Motion for discharge filed by trustee/lawyer on 9/29, finnacial management course done. Just chomping at the bit for the signed discharge to show on Pacer. Lawyer is saying 30-60 days...from filing date of 9/29 anyone have insight on an average timeframe?

Re: Chapter 13 Paid

tnvols — Thu, 19 Oct 2017 18:05:24 GMT

We didn't have a mortgage complicating our Chp 13. Last I spoke with the trustee, she said all files for the month would be submitted to the court on Oct 26 digitally and they turn them in just a couple days usually.

Re: Chapter 13 Paid

BamBam2000 — Thu, 19 Oct 2017 18:30:39 GMT

Our scores are very similar. I cannot figure out what's going on with transunion. I cannot get the score to budge at all.

Re: Chapter 13 Paid

tnvols — Thu, 19 Oct 2017 18:39:41 GMT

Even though all three bureaus show the Chp 13 from 5 years ago, only 2 of them show some of our past revolving accounts that we closed prior to filing for BK. TU only shows 2 accounts right now, the CH13 and the 11 mo old car loan. Equifax and Experian show some of our older accts we had prior to filing so they show much older established credit. I'm confident that the TU will wake up once we get some new revolving accts reporting. Maybe they penalize more for a weak mix of credit types.

Re: Chapter 13 Paid

Anonymous — Sun, 29 Oct 2017 01:49:34 GMT

Got my discharge paperwork and refund check in the mail today WHOOOOOHOOOO.... Im excited as ever. Question, i see that it still shows on my CR, will this be for minimum 2 years or so? I'm guessing I should first get a secured card but Im also in desperate need of a work vehicle as well.....

TU = 569

EF = 690

EX = ??

Re: Chapter 13 Paid

tnvols — Sun, 29 Oct 2017 12:18:05 GMT

Congratulations! Still waiting on our papers. A Chp 13 will report 7 years from date of filing.

Re: Chapter 13 Paid

BamBam2000 — Sun, 29 Oct 2017 14:45:47 GMT

My papers seem so far away. Made the last payment on 10/3. Plenty of time to clear and post to my NDC. When they disbursed payments on the 20th they only sent the regular amount that is sent from payroll deductions. When I called they said they didnt see the $3000 and won’t disburse that until 11/17. They them asked for proof of how I got the extra money to pay off early even though my attorney already okd the payment. Thankfully I had a copy of the check my dad gave me and a copy of his death certificate. I guess I’m now looking at 2018 because I live in Illinois were everything stalls during the holidays. I just hope my car holds up because I’ve spent over $5000 in repairs since February. Meanwhile my scores are sucking. 638/569/582. Ex dropped 24 points after I disputed 2 items and it reposted my BK for some reason. Totally bummed.

Re: Chapter 13 Paid

Anonymous — Wed, 01 Nov 2017 15:30:18 GMT

Well I was in need of a vehicle as my 04 truck had 275k miles on her but she held out until the end, no real issue outside of a few parts here and there. I was able to get another vehicle 16' F150 from Carmax (horrible rate) of course but I will slowly get those rates back under control as time passes. Thing is when I went in I had discharge paperwork, paystubs, any and everything you could think of to show them and they asked for nothing. Ran credit, 500 down and it was a done deal.

Re: Chapter 13 Paid

tnvols — Wed, 01 Nov 2017 15:39:56 GMT

Congrats on the new ride! My 2006 F150 Crewcab Lariat is running strong with 150k. Contemplating an upgrade to a 2015 or newer F150 4x4 but can't stomach going from no truck payment to $600/mo payment. I'm sort of enjoying my 11% DTI at the moment. I work from home and only drive about 6,000 miles per year now so it's hard to justify.

Re: Chapter 13 Paid

tnvols — Wed, 01 Nov 2017 19:16:36 GMT

I have not recieved my Chp 13 DC papers yet, however I got an alert from myFICO today. TU updated to show my BK as discharged and a 5 point bump. Equifax also showing DC but no bump. Best news I've had in awhile. I am so ready to start pestering my family to add me as AU to good established, low balance cards before applying for some of my own.

Re: Chapter 13 Paid

BamBam2000 — Wed, 01 Nov 2017 19:41:17 GMT

Look at you. I'm so happy because I know how relieved you must feel to finally close that door. Step in to the future of great credit and living within your means. I can tell you that my attorney allowed me to get a secured card (Open Sky) and it has helped my scores jump about 30 points. My fake score from Credit Karma today shoed 700 and 721. I like to look at them just to tease myself. The real one's tell the story. Please continue to post your experiences as you rebuild.

Nov 1 FICO 8

Equifax 637

Transunion 568 ( They hate me)

Experian 604

Re: Chapter 13 Paid

tnvols — Mon, 06 Nov 2017 18:35:20 GMT

So today marks one month since I confirmed my last payment had paid my trustee balance in full. I checked the mailbox today to find the most beautiful court order from my attorney.

"The Debtor is hereby granted a discharge under section 1328(a) of title 11, United States Code."

Sweeter words have never been written. Time to get weird!

Re: Chapter 13 Paid

BamBam2000 — Mon, 06 Nov 2017 19:17:49 GMT

Congrats to you and best wishes on your new debt free journey! You deserve it. Let me know when you hit the 700 club or if the discharge improved your scores. Stay Weird!