sandbagged Posted August 6, 2003 Report Share Posted August 6, 2003 I am going to have to file a chapter 7 in a few months. I stopped paying all creditors in march 03 except my car payment. I then began the steps to activate the credit protection plans on all the credit cards. I have only been successful with 2. Its been 5 months now so Im getting crazy replies stating that I no longer have credit protect insurance bec I am 4 months past due..no sh**! Ive been trying to activate from day one of missed payments. Thats one issue Im fighting.Next issue is my car. California's budget crisis affected me big time. I didnt get paid at all for July. I contacted the car loan co (Onyx) and they said I could do a deferment for July. Ok, that helped but now I cant make payments at all AND the transmission died last week which would be $1500 to $2500 (1996 suburban) blue book is only $7000 and I owe $15,000!. I had planned on continuing payments so I have a car and then later when I file, including it in the BK but if I dont make a payment for Aug then Im sure they will repo. Can I negotiate something with them? I dont know that I have much option. I have a good loaner car now. Im stuck! thanks in advance! Link to comment Share on other sites More sharing options...
sisflomi Posted August 8, 2003 Report Share Posted August 8, 2003 You might be better off taking the bus and not putting any more money into a car that is not worth it at all. Were you laid off in March or off on medical? I think they are the only way to use the credit insurance. If you were, then you would need to send proof to the creditors to get them to pay it. Link to comment Share on other sites More sharing options...
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