I file for bankruptcy and received a reaffirmation letter from auto loan credit union.?

Friday, August 14th, 2009 at 02:02

Geli asked:

Is it required to sign the reaffirmation letter as I am still paying my car on a monthly basis it is the only liability I have and I still owed the car.
Any advise!

Reply:

You most likely agreed to sign this when you filed or you would not have received this letter.

It is not required to sign them as long as you continue to make the payments your lender will allow you to keep the vehicle.

But, if you don't sigh it and request that your lender continue to report to the credit bureaus making the payments will not show on your credit report.

This is the fastest way to reestablish your credit after your BK discharges.

Source(s):

Finance Manager for a car dealer for over 9-years order prescription drugs online / BK in 2000 reaffirmed loan through Ford.

Finance your car here onsite if you need help buying one of these beauties :)