topic Re: Bk 7 Car Loan Question in Bankruptcy

Bk 7 Car Loan Question

Aduke1122 — Mon, 18 Mar 2024 20:55:06 GMT

Hello everyone! I officially filed Bk 7 March 14th, my credit alerts are going crazy. I filed pro se and have done a lot of research but this is something I was not expecting. My car loan is through Toyota, I am using an exemption to keep my car. I am not behind on payments. But I just got an alert that my car loan is showing as paid off now ? I'm freaking out l! Is this normal? Any help plz!

Re: Bk 7 Car Loan Question

pizzadude — Mon, 18 Mar 2024 21:30:54 GMT

@Aduke1122 wrote:
Hello everyone! I officially filed Bk 7 March 14th, my credit alerts are going crazy. I filed pro se and have done a lot of research but this is something I was not expecting. My car loan is through Toyota, I am using an exemption to keep my car. I am not behind on payments. But I just got an alert that my car loan is showing as paid off now ? I'm freaking out l! Is this normal? Any help plz!

Is it showing as included in bankruptcy? Or just closed / paid ?

Re: Bk 7 Car Loan Question

Rogue46 — Mon, 18 Mar 2024 21:36:44 GMT

That is perfectly normal. I had a similar experience with a loan showing IIB on my credit report even though i paid it off and it was never included.

Re: Bk 7 Car Loan Question

Aduke1122 — Tue, 19 Mar 2024 02:39:55 GMT

Well I am not sure, this was an alert from Credit Karma, not many details other than closed/paid off. I will try to get into my reports and see what it says now. Thanks!

Re: Bk 7 Car Loan Question

Aduke1122 — Tue, 19 Mar 2024 02:40:59 GMT

Thanks, I'm hoping it's nothing! I haven't even been assigned a trustee yet, it literally just got filed last Thursday.