I am starting the filing process and my cars worth about 800 trade in I owe 5k and im current on payments, does anyone know if they will accept a redeem for cars value or if I will have to let it go or reaffirm?
Re: Chapter 7 will can i redeem car with jd byryder
If you are correct on your assessment of $800 and owe 5 G's. Heres the keys. But. Depends on the lender. Some make you reaffirm and some just repo. Your lawyer will give you whats best for you and what the lender wants. You pay them to give you their suggestions and go from there. Good Luck!
My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.