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  1. California - Background - in short - car loan with ACA( June 2017 - 27% int) Understandably - we kept loan with intent to pay on-time and refinance. (nobody else would touch us) Unfortunately lost job in early 2018 but avoided car repo'd, by catching up on payments / reducing lates. However - in October 2018 during a lull in payments, account went to charge off - but not to a collection agency. (I also never received a tax doc for the charge off amount) Been dealing with collections dept at ACA, and will be finally current with account next week. The issue is what I owe from the original note vs what the car is now worth. During the charge off process - ACA cashed in GAP / Extended warranty, lowering my total owed but leaving car with no protection. The car is worth $15K - and the charge off is listed at $35K! (based on the inflated costs of the warranties - and the 27% int rate) We need to keep the car (still trying to rebuild credit) Cannot view my account online as charge offs with ACA put them in a "ghost" status as I am working with them directly thru collections. As I understand it - this account will always be in charge off status - unless I pay the note in full, not an option at this point - or ask for a settlement amount. (pay to delete - and that's if ACA agrees). I have a few questions - once I am current next week - can I ask for a repayment program for the worth of the car? (similar to a cram down) I realize that the car is no longer on their books, nor will benefit from repo of a car less than the note's worth. Should I confirm with DMV that the lienholder is still listed as ACA? Or no other remedy short of BK? Thanks in advance.
  2. Hi - first off - thank you so much for your service and the birth of your new child!!! I am not sure what options VA can offer - I am aware that depending on your state - there are agencies that will assist families in your predicament. as well as Gary's foundation http://www.garysinisefoundation.org/ https://www.facebook.com/garysinise Regarding the cars - call the finance department or the bank. In practice, they would not want to repo either car - although you may have to voluntarily give up one in order to focus on repayment. Like I was told recently; "you don't know what we can do for you if you don't call us first.." Lastly - whatever benefits and assistance you can get - prioritize by the necessities - whether its food, shelter and then transportation. I stopped all credit cards and went all cash for the time being, truly helps budget whatever monies you have. hope this was of some help..
  3. Applied for the Barclays Travelocity AMEX- declined due to insufficient credit history and low available credit on existing credit cards. However , I called on the backdoor line, and the rep stated the denial was auto generated. A few questions later regarding the BK and income - and I was approved for 2000 ! Thanks all for the help - never would have known about the recon option w/o this board!!!
  4. May look into the Barclays portfolio - my CU is actual pretty conservative. For example - received a 9% auto loan w/40% down with them - they declined to refi a year later - no late payments - and I ended up with a Cap 1 refi at 4%. I traded that vehicle in over the weekend and approved for another 26K on the replacement. AMEX Travelocity BK friendly? - I thought if you had listed them with the BK - you'd be blacklisted? Thank you
  5. Hello all - Searched - hopefully posted on the right subforum.. Need a 2.5 year post bankruptcy friendly reward/miles credit card. I was with Chase, Citi and AMEX IIB - however, Chase did approve me in December for a Subaru loan. (Chase Auto) As I don't want to rack up the corp Amex, I'd like to rack up the rewards myself for my weekly biz travel. Already have 2 HSBC cards (Orchard/Best Buy) and 2 Capitol One cards. I fly UA regularly - so I'm thinking based from what I'm reading here - Chase won't issue a credit card. (although I now have a car loan, and I bank with them exclusively) Thanks for any help!

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