Hi group. I had a Ch. 7 bankruptcy case discharged last month. I reaffirmed on my auto loan, and on a credit card that was cross-collateralized with my car from the same credit union. The case was pretty straight forward. I answered all of the questions at the 341, and when it was over I signed the reaffirmation agreements and was done. Now, I pulled all 3 of my credit reports and see a problem. My car loan, which is current and never paid late, now shows "included in Ch. 13 bankruptcy." The credit card just shows "included in Ch. 7 bankruptcy." I called the credit union to find out what was going on, and the girl tells me that the Ch. 13 reporting was a mistake and she switched it to report included in Ch. 7. WHAT?!?!?! That shows like I am not paying on the vehicle. She told me that since it was reaffirmed in a Ch. 7 case, that it had to be reported as included in Ch. 7 bankrutpcy. I've read many stories of people who use the reaffirmation of an auto loan to rebuild their credit post bankruptcy discharge. On the credit card, that was 60 days past due at one point, but it has since been caught up and is always on time. She says that it too must be reported as included in Ch. 7 bankrutpcy. Both accounts show a zero balance. How can I have a reaffirmation on these two accounts and the balance shows that I owe nothing? Could someone help clarify?
Sorry I can't answer your question but I can say when we went thru Chapter 7 in 1992 (discharged) the judge did not allow reaffirmation on our vehicle. We just continued to pay the note to the bank as before but never signed any reaffirmation agreements. It was never reported as "included in bankruptcy" because of this and we paid it off as agreed on before the bankruptcy. It was one of 2 positive tradelines we kept (my student loan being the 2nd one) and all of the other stuff we disputed and had changed to report as "included in bankruptcy" by all CRA's. Did you use a lawyer? If so you may want to ask them about this.
