30 Day Late
I paid my bills on Monday January 31st, so I would not go 30 days late on my report. My Mortgage Company and Credit Card Company were okay with that, but I just pulled my report and my car loan is showing 30 days late. Can they do that? The 30th was on a Sunday.
If the 30 day late day was Sunday - then they are under no obligation to move it a day to the right. It is your responsibility to pay by the deadline.
However, most good companies will not count Sundays or holidays. I assume you taked to your mortgage and credit card companies before you paid correct? Recommend you call the car loan company and explain your situation - they may fix it for you.
I find that being honest and making an effort goes a long way with.
thank you hoober
Quote:
On 2005-03-03 09:42, hoober wrote:
If the 30 day late day was Sunday - then they are under no obligation to move it a day to the right. It is your responsibility to pay by the deadline.
However, most good companies will not count Sundays or holidays. I assume you taked to your mortgage and credit card companies before you paid correct? Recommend you call the car loan company and explain your situation - they may fix it for you.
I find that being honest and making an effort goes a long way with.
nobody will do a home equity when you have late mortgage payments. You might be able to refinance and payoff the chapter 13 as a condition to the new loan. However, it will still be dependant on your credit score and remaining equity in the house.
You could file a chap 7, but that might make it more difficult to refi the house out of foreclosure. Why not turn the 13 into a 7, sell the house and save the money for 12 months to buy a new house?
How do you sell the house if we convert our bankruptcy to a chapter 7 ? I thought that would take the house if we file chapter 7 ? How hard is it going to be for us to buy again after filing chapter 7 ? Will it be possible to buy in 1 year? I see lots of comments on the forum that it is extremely difficult to buy a house for a long time after bankruptcy. That is making it extremely difficult for us to consider letting our house go even though we know it would probably be in our best interest financially.
If you are in a state that provides for homestead protection - meaning you cannot be forced to sell your primary residence to pay a debt (except for debts where you have given a security interest in your home, i.e., a mortgage) - you could convert to Ch. 7, then sell your home after your debts are discharged in the Ch. 7 bankruptcy.
In any event, you need to speak with your bankruptcy attorney as to what happens to your home (or your equity) in your state if you convert to Ch. 7. Hopefully, the Ch. 7 trustee cannot touch the equity in your home and you can sell it after your bankruptcy is complete. In Florida, with certain exceptions, this is the case.
Refinancing is an option you do have . Depending on the equity in your home, you do have an option to pay-off your current lender, pay-off sum debt , put some cash into your pocket and keep your home.