Posts Tagged ‘toyota’

Can I return a car that is "closed" on my credit report after my bankruptcy?

Well, I had to file for bankruptcy because i was a victim of credit fraud. I had a clunker. My lawyer told me to get a better car before I file, even if i have to pay for high apr. Basically i’ll be screwed if my old car breaks down during the bankruptcy process- theres no way i’ll be able to get a new one. She said that as long as I keep paying for the newer car, it won’t be taken away.

I’ve been paying for the car flawlessly for a 1 1/2 yrs now. My wife and I check out a dealer to see if we can get her a car. The checks my credit and tells me the there is no record of my new car on my credit report. I’m shocked because I’ve been paying all this time and it has not been helping my credit. I check my credit report online and it says that the account has been closed during my bankruptcy. I asked my wife if we’ve been getting any bills from toyota, and she says we don’t get any bills anymore we just maintain payments every month like what my lawyer said.

Ok, a friend of ours said that i should return the car to the dealer and get a cheaper car. Since it is closed on my credit report, it shouldn’t affect my credit if i return it. Pls tell me if this is valid and why.

Thanks!

Technorati Tags: , , , , , ,

What happens to the existing GMC/Cadillac Dealerships if/when GM files bankruptcy?

Do they continue as GM dealerships, sell their inventory or convert to Honda/Toyota if there is a buyout?

Technorati Tags: , , ,

Should be big three file bankruptcy? ?

When will they stop making crappy cars? I heard about 90% of toyota cars bought in the 90s are still out there.

The other day while I was driving I decide to count how many cars out there are Japanese or Americans. Every other car there was a Honda, Toyota, or Nissan. These three are the market leaders. I thing with dont need the american big three. my 95 corolla I would nto change it for a 2000 ford.

Technorati Tags: , , , , , , , ,

Should GM or any of the big three file bankruptcy?

I believe they should.Years of poor management has gotten them here.What is your opinion
I ask this in election due to the fact of Obama could stop this with more bailout,Even though I think by now he should know bailouts don’t work
WE have a toyota and a Honda so far have been great cars.I have had a saturn,olds,and a gmc that were crap
i have a cr-v and I love it

Technorati Tags: , , , , , , ,

-->