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  1. #1
    Join Date
    Jul 2006
    Posts
    3

    Default Reaffirmed Auto vs. Bankruptcy BK7

    I reaffirmed my auto loan when I filed BK7 in 2002/2003. However, my loan appears as follows on my Experian credit report.

    Account History: Debt included in Chapter 7 Bankruptcy on Sept 26, 2003
    Status: Discharged through Bankruptcy Chapter 7/Never late.

    The car was totaled September 2, 2003 and auto insurance and gap insurance paid the loan in full.

    Experian will not correct and continues to verify the status. I spoke with the bank and was told it is reporting correctly because even though I reaffirmed, the debt is still included in the BK.

    Can anyone tell me if it is correct for a reaffirmed debt to be listed as IIB?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Reaffirmed Auto vs. Bankruptcy BK7

    The key question is whether or not the debt was discharged through the bankruptcy. There may have been an oversight in relation to the reaffirmation due to the accident and payoff.

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