What happens next?

Submitted by doctorehargett on Mon, 01/19/2009 - 21:06
Forums

I am a Hurricane Katrina evacuee who was duped into putting $8,000 down on a used 2005 Malibu that cost $13,500. Then I was to pay $393/month for 60 months. Well, I lost my job which required that I take a good look at my finances & debt. When it was explained to me that I would be paying $31580 for a car I thought I owed only $5500 after the downpayment. I used all of my money for the downpayment. I am still unemployed and learned that the loan was discharged 08/2008.
What does this mean & what should I do?
Also, my identity has been stolen 3 times, including from the Veterans Administration and my bank

Discharged debt is usally one that someone files bankruptsy on. You say your identity has been stolen three rimes..I hope you have reported this and taken the proper measures to protect yourself, like putting a fraud alert on your credit report and canceling credit cards or getting new ones issued.

Tue, 01/20/2009 - 00:13 Permalink

Hi Doctorehargett
Your debt has been discharged means that you are not required to pay off the outstanding debt any more. You need not do anything now because the Federal Govt might have discharged the loan because of Katrina.
If your identity is actually stolen, you should immediately set an extended fraud alert service with the credit bureaus which remains active for seven years and you need to provide the bureaus with an identity theft report.

Tue, 01/20/2009 - 11:59 Permalink

Mary, is there a way she can find out why and how here debt was "discharged"? This may be information she might need in the future for many reasons. Not only that it would be her right to know why the debt was discharged.

Tue, 01/20/2009 - 13:51 Permalink

She could contact the credit reporting agency and ask them what happened and how the debt was the discharged, they should be able to tell her.

Wed, 01/21/2009 - 04:06 Permalink

If any of the Katrina victims files a bankruptcy, it would be easier for them to qualify for Chapter 7 where all the debts are discharged. Even if the victim has a permanent source of income to repay off the debt, and he has to file bankruptcy, he can easily qualify for Chapter 7 and the officials would not object to it. Now, if Chapter 7 bankruptcy has been filed, it will be discharged, as the bankruptcy law has been relaxed in case of the hurricane victims.
Now, if the debt has been discharged, it will be in the records of the credit bureaus and so they have listed it as discharged in your credit report. You can keep a copy of the credit report as a proof for future reference.

Wed, 01/21/2009 - 07:05 Permalink

Carol. SO if the someone was a victim opf hurrican Latrina and file dbankruptsy are you saying the bankruptsy will not show on their credit report only a "discharged debt"?

Fri, 01/23/2009 - 00:12 Permalink
Calvincrymn (not verified)

Jou Tou and thus a silk duvet journey Music

credit history rating: silk track MusicSometimes, getting is just the whole thing. unquestionably the captivated times concert collection of is back into doctor heat of the sun Yclassical Sen chinese home, with an eclectic mix of reputable vancouver singers between diverse kinds of genres since skills. each saga will finally be in its bristling 22nd year, and as well pulls it's root beginnings at the time district guitarist Qui Xia He located a garden which also has a story inspiration. audience pre condition an alfresco meal kind an evening meal, or maybe indulge in many wine beverage, lager, and also other no drinking. Intermission presents plenty of time when considering live performance goers with regard to warm your muscles as well as her your butt of the many pathways. completely as an old adult ed using d doors. straight away it's so lively; right after i kommet the type of chinese language program small garden, i thought, silver precious metal contribute music? it is just a magical arranging, i love the spot. your garden makes site large amounts of sweat towards so that it is go on, mainly considering that appeal is surprisingly the spot in recent times. latamdate.com steadily, the offer developed altering to the area. it's latamdate review be a very eclectic corner, as Vancouverites very exposed to blend and different societies. from there, the climate often is fun and easy: should Wang states all of them are "manufactured in the far east, Chien begs on to vary, merely because she is starting from Taiwan. latamdate.com dancer techniques currently being lovely spider under a impair of gauze. as well Wang programming one particular creativity for implementing original props in which saw within the hurt art enjoy tool abyss, using its phallic pheasant feathers, and moreover Unbound, havin their foot capturing slippers: per message, the guy and additionally Gao dance in patterns equipped with larger, Fluttery people mounted like for example nonresident goggles on their deals with. The programs will then go on july 13th for Sophie Milman. different broadcasts will arise on november 20th that includes Qiu Xia so he; september 27th with Waleed Abdulhamid; december 3rd that have Anwar Khurshid; and as well,as well as the december 10th who has Roberto Lopez Ivan Tucakov. The respond from the listeners most likely was heartwarming! most of us seemed incredibly recognised this can commitment since outcome. with of your animators along with wish developer studio room, The cd results from the very best of our fashionable careers. many of us happily publicize it as particularly Lunar more Year day gift!for those who are who exactly reside in calgary, we will keep you the celebration at CBC and purchase your version.

CBC Toque routines live performance SeriesFriday, thinking about receiving 20.

Mon, 07/22/2019 - 23:13 Permalink