cancel
Showing results for 
Search instead for 
Did you mean: 

Bk 7 Car Loan Question

tag
Aduke1122
Senior Contributor

Bk 7 Car Loan Question

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! 

Message 1 of 5
4 REPLIES 4
pizzadude
Credit Mentor

Re: Bk 7 Car Loan Question


@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 ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 5
Rogue46
Established Contributor

Re: Bk 7 Car Loan Question

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.





Message 3 of 5
Aduke1122
Senior Contributor

Re: Bk 7 Car Loan Question

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!

Message 4 of 5
Aduke1122
Senior Contributor

Re: Bk 7 Car Loan Question

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

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.