When Bankruptcy Is Good
Would it be good to refinance car loan when the current loan is reported as Included in Bankruptcy wrongly?
I’ve got a car loan that was kept through my bankruptcy and I’ve been paying on for approx two years since now and just realized they reported it as part of my bankruptcy and they will not change(included is said because it was written about in the papers even though it was reaffirmed). I’m trying to now fix my credit up some and would like to know if it will help or even effect at all my credit to refinance it now?
I went through this same thing back in 2001 and Ford was not reporting my account, all it took was a simple phone call and they updated the information on the bureaus.
If your lender will not do this, you will have to have proof that you have been making the payments to be approved for a refinance loan.
If you do get refinanced, it will help your credit as long as your lender reports to the credit bureaus.
Jim Rogers : Greece Bankruptcy Would Be Good for Euro 3/8/10 – Bloomberg News
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