So I have been a lurker for a while now, finally signed up.
I filed Cpt 13 in 2015 after a disasterous relationship where I maxed out all my CC and fell 2 months behind. 100% payoff, as I made way too much for Cpt 7 & I wanted to keep my townhome and vehicles. No debt other than the CC and Mortgage, but I wasn't making a dent in the CC payments. One CC didn't file a claim and the payment plan was reduced. The payment plan was ~1/3 of the minimum payments.Well last month I paid off the payment plan a year early. I had an automatic withdrawal into a saving account to money away for an emergency, since I would be without credit. I didn't watch this account grow so I wouldn't be temped. After my last tax refund, I looked at the balance and it was ~4 months of take home pay, which was more than what was left in the payment plan.
Called the lawyer to discuss early payoff and he sent me the amount. Spent ~3/4 of the savings to payoff, took the class and the lawyer filed the paperwork. Now its just a waiting game.
About 2 years ago, my car was totaled and I got a new car with the insurance paying over half the cost of a new car and the trustee approved me to get a loan for the remainder.
I have credit monitoring through WF bank, but about 6 months ago, they could no longer calculate a score because of lack of credit reporting. Pulled a free report, and the car loan wasn't shown and the mortgage hadn't reported since I filed BK.
Is this normal for them not to report during BK? Before it stopped giving me a score, the WF credit score was 640.
I have 3 years left on the car loan. I could use the BK payment plus the car loan payment to pay the loan off in 6 months. But is that a good idea for rebuilding? The difference in payment between 6 months and 3 more years is ~$1,000.
I don't have CC secured or unsecured. My only credit is the car and mortgage. I am assuming the morgage will start reporting again and I will see my WF credit score again, and see it climbing.
