Results 1 to 5 of 5

Hybrid View

  1. #1
    Join Date
    Jan 2008
    Posts
    164

    Default Chapter 13 and Auto Loans

    My question involves bankruptcy in the state of: Ca
    Hi i was wondering why on my credit reports it state's that my auto loans have a zero balance paid derogatory? I am paying the trustee the auto loans two of them, and he in turn pays them what is up with that?

    Thank You in Advance

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

    Default Re: Chapter 13 and Auto Loans

    Did you fall behind in your payments before catching up through Chapter 13, or have your balances crammed down in bankruptcy? If so, that would probably explain the "paid derogatory" part.

  3. #3
    Join Date
    Jan 2008
    Posts
    164

    Default Re: Chapter 13 and Auto Loans

    Quote Quoting Mr. Knowitall
    View Post
    Did you fall behind in your payments before catching up through Chapter 13, or have your balances crammed down in bankruptcy? If so, that would probably explain the "paid derogatory" part.
    No, i did not fall behind, never late on car payments?I don't know what crammed down means but i would say no to that also?

  4. #4
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Chapter 13 and Auto Loans

    "Crammed down" means the bankruptcy let you lower the amount you owed on the auto loans.

  5. #5
    Join Date
    Jan 2008
    Posts
    164

    Default Re: Chapter 13 and Auto Loans

    Quote Quoting Betty3
    View Post
    "Crammed down" means the bankruptcy let you lower the amount you owed on the auto loans.
    no not crammed down, but actually raised both car payments 20.00 or so?

    But why does credit report show zero balance?

    1. Sponsored Links
       

Similar Threads

  1. Chapter 7: Chapter 7 and Student Loans
    By confusedstudent in forum Bankruptcy Law
    Replies: 1
    Last Post: 07-24-2009, 07:15 PM
  2. Student Loans: Student Loans, Private Loans, Chapter 7, Post Nuptials
    By jedward in forum Debts and Collections
    Replies: 1
    Last Post: 05-01-2009, 06:30 AM
  3. Chapter 13: Chapter 13 and Student Loans
    By hellobyebye in forum Bankruptcy Law
    Replies: 7
    Last Post: 07-08-2008, 01:54 PM
  4. Overextended On Multiple Auto Loans
    By rascal in forum Cars and Dealerships
    Replies: 5
    Last Post: 05-28-2008, 12:06 PM
  5. Chapter 13: Chapter 13 and Auto Loans in Mississippi
    By gray-hairedlady in forum Bankruptcy Law
    Replies: 1
    Last Post: 09-05-2006, 09:13 AM
 
 
Sponsored Links

Legal Help, Information and Resources