That means the bank will not try to negotiate?
Or they will not ask me to pay?
Does that mean I have to wait for 7 years to get homeloan?
My credit showed closed unpaid-bkt.
some said 7 years..
What if bank ask me to pay the balance and I started to pay..then..would that be helpful to get a loan before 2 years?
After my ex's chapter 7 bankrupt, will the bank ask me to pay the remaining balance of the account(home equity line of credit account)?
Or after the bankrupt was completely finished, the home equity line of credit account will be totally closed and I have no obligation and bank will not ask me the payment?
I heard banks sue debtor if they don't pay their unpaid debt.
I am worried if that happened after my ex's chapter 7 bankrupt is done .
I don't think I need to go bankrupt.
I have car loan which is 2.6% interest. My credit score used to be 781 before my ex foreclosed a house and filed for bankrupt.
Now my score is 680. I have not had any missing payment at all..and I had paid credit card debt 11,000(which my ex spent under my name).
I used to have 20,000 student loan but this year I received federal government loan forgiveness. Government paid 17,900. I used to have 2 student loans but now one was totally paid off by the government and I paid the remainning balance so no outstanding debt. I currently have only car loan. I don't think bankcrupt is my option.
My only one unpaid payment is this loan which my ex filed for bankrupt.
Thank you so much for your help
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