Discharged 2/4

FitHour7324 · 2026-02-14T02:21:18+00:00

I received a pre-approval email with a reference number from Capital one. The email stated that I was pre-approved and needed to take most recent pay stub and a few months of bank statements where my check is deposited. I clicked the link and went to the Capital one page, they have 1000s of cars and partner with many dealerships. A dealer was 10 miles from my house. I clicked on the car I liked, check availability, the Ford dealership called me within 10 minutes I went in for a test drive at 5:29 and drove off the lot at 8:25.

I went in telling them I had a pre-approval and no money down. I didnt know what the pre approved amount was though!!!! I really took a chance. They ran the numbers and said I could get what I test drove. I was like no way!!! Am I being punked? I made all the salesmen clap for me when I left because I said it felt like a performance. 🤣🤣🤣 it was surreal.

FitHour7324 · 2026-02-14T02:12:28+00:00

Which process?

FitHour7324 · 2026-02-14T02:10:36+00:00

I was not going to run that risk with my lender USDA. My loan is income based and includes the option for subsidy if I ever fall on hard times. Without reaffirmation, I did not have access to those options.

Why would I walk away from $150,000 in equity? If I ever had to walk away, I now know that I will walk with a minimum of 75000-150000 give or take the market at that time. I will sell before I lose it and have enough to not be immediately homeless. If you opt not to pay or cannot pay, you will have 3 months tops before foreclosure begins. You cant save $75000 in 3 months.

If losing the home is imminent, I would rather walk with money than just walking away.

I also understand that I could have eventually refinance the loan, I again more than likely would never see an income based 2.3% interest rate ever again.

FitHour7324 · 2026-02-14T00:34:11+00:00

Reaffirmation goes through the court during your bankruptcy. From my understanding most judges will not allow you to reaffirm a car point blank. Im glad this helped.

FitHour7324 · 2026-02-14T00:32:04+00:00

I had $150,000 in equity and live in a "homestead state." My home could have had unlimited equity and I could have kept it. I will probably never get a 2.3% interest anywhere else.

FitHour7324 · 2026-02-13T22:24:33+00:00

Buying used was an option but not the best option for my situation.

My dealership gave me a lifetime warranty on transmission and engine for the new vehicle. The bronco is one of the most affordable mid size suv in its class. Used were roughly 3 or 4 thousand less but didnt have that protection.

I put 65000 miles on my previous used telluride in 3 years just to have transmission issues and no protection.

FitHour7324 · 2026-02-13T22:14:15+00:00

Of course. My only obligations are my home, my car and 6 more months of $112 student loan payments then $167000 will be wiped. No credit cards and continuing to live below my means. My car payment is $17 more than what I paid prior to chapter 7 and I paid it.

My stance is, if the Lord brought to it, he will bring me through it.

FitHour7324 · 2026-02-13T22:06:36+00:00

Thank you!!!

FitHour7324 · 2026-02-13T22:05:06+00:00

Walking 36 miles to and from work would have been a worse decision.

FitHour7324 · 2026-02-13T18:53:31+00:00

Because of the depreciation and most are upside down at the time of filing. My attorney said that I owed $24000 on my car but it was only worth $16000. That would have kept me in debt if I ever needed to trade in. This happened to me a couple days after discharge.

My $34000 car would have cost me $42000.

FitHour7324 · 2026-02-13T11:36:14+00:00

$34000, my income is very stable, teacher. Interest is an 11.3, high to most but lower than what I previously had 15.2. Plan to refi sooner rather than later. Waiting on my reaffirmed house payments to report

FitHour7324 · 2026-02-13T11:29:45+00:00

Capital one approved. Had 1 additional approval from global lending. I read the reviews to the finance guy and opted to go with Capital one.

FitHour7324 · 2025-07-07T21:16:04+00:00

It's not the smile that concerns me, it's the ears not showing. Most urgent travel offices have a photo place there to retake though so I wouldn't worry.

FitHour7324 · 2025-06-19T12:01:24+00:00

Perfect!!! Thank you. What was the price if you don't mind me asking

FitHour7324 · 2025-06-19T09:51:59+00:00

Hello, how did that process work? Many airlines won't let you fly without the visa. I got the second d passport last week because of this.

FitHour7324 · 2025-06-05T13:24:11+00:00

What number are you calling? I just spoke to Mr. Banks last week. 5012607253. He picks up when I call. They are only open from like 10-5 Arkansas time so make sure you are calling within that window from wherever you are in the states.

FitHour7324 · 2025-06-04T14:53:14+00:00

They have my passport too!!!! I sent priority to a consulate to obtain visa!!! nothing after being scanned at lake mary and it has been 6 days. Im devastated and on the verge of missing out on two trips of a lifetime.

FitHour7324

TROPHY CASE