Secured loan with Title ..OneMain

[ballysdad]

I will be filing CH 7 in 90 days. Is there any benefit to NOT turning in my car to OneMain now? I would like them to sell at auction now I do not need car anymore. Would it be bad to give them a 90 day head up to my filing?

Thank you in advance

[2b2rich]

Is this like the Title Loans where you borrow money using your car’s title for collateral? 

You want to just let them have the car instead of paying the loan off? 

How would that reflect in your credit report?  (If that matters to you).

If you give them the car now and they auction it for less than ehat you owe them , you will be responsible for the difference.  Ofcourse you could claim the balance owed in your Ch 7.

[Azuieldrago]

With also a voluntary repo on your report.

[FireMedic1]

Keep it for now and make it part of your BK. If you dont want it. Dont reaffirm it and tell the lawyer that. Then it will say on your reports IIB and $0. You dont want it to say repo. Thats a killer. Once you have legally filed. Go drop it off wherever they want it.

[ballysdad]

Thanks for the replies just was I was looking for.