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I went through Bankruptcy about 2 years ago. My car was part of the bankruptcy, but I continued to pay the monthly payments even though I stopped getting statements because I did not want the bank to come take the car from me. I recently went to inquire about trading in this car and getting a new one, and when they ran my credit report it does not have a loan amount due and says that "the loan of the car has been satisfied by bankruptcy"
If the loan was satisfied through bankrupcy, what have all my payments been going towards? How do I trade in my car if the loan does not show on my credit and I do not have a title? Should I keep making payments, or will they they come take the car? What should I do?Thank you both. There was no reaffirmation agreement signed (my lawyer at the time told me it is not a good idea to sign this) so if I understand you correctly, the creditor will not repossess the car if I continue to pay, but these payments will not ne reported to the credit bureau. So the payments are still going towards the loan I would hope, but I have no received any statement from them since the bankruptcy. Is only way to get a title to trade this in is to pay off the car then? The only other way would be to just let the bank take this which should not negatively effect my credit since they are no longer reporting on it anyways? Thanks again.