Chapter 7 and a car loan need some suggestions

[Dinpoudel]

What is the name of your state? California

I got chapter 7 discharge 5 months ago and included my car on the scheule when i filed, so the car was included in the chapter seven but am still driving the car and making payments.

After bankruptcy, i started working on my credit and my score is 650. My question is now am in the situtation that i can't keep on making payments on the auto. So i am thinking to turn in my car. if i do so will it gonna effect my credit now.

Any advice would be appriciated.

[bnkruptintexas]

I don't have a answer to your question but I am curious to know what you did that helped your credit score. I am one month post d/c and mine is 517.

[Ladynred]

Did you reaffirm on the car loan ? If not, then you can walk away from it w/o any worries, nothing owed. If you DID reaffirm, walking away would be the same as pre-BK.. a repo and bad for your credit.

For info on credit repair post-bk, go to [url]www.creditinfocenter.com[/url]

[jetskiscott2]

I was in the same situation as you. I DIDN'T reaffirm the car loan and I turned it back in after a year. You can safely walk away from the loan and not owe a penny. My credit report didn't change and it still showed IIB after the car was voluntarily repo'd.