Im in a chapter 13 and I owe car and house. My payments for 5 years. Can I refinance a house and buy a car?

Posted by: admin in credit repair for chapter 13 on

credit repair for chapter 133 Im in a chapter 13 and I owe car and house. My payments for 5 years. Can I refinance a house and buy a car?

Tania Y asked:

We aren’t going to get our taxes back for 5 years, there no room for loans and credit? Can we make it in 13 and live, and save emegency or repairs?

Tags: Buy A Car, Refinance Car, Chapter 13, Car Payments, Loans, Refinance House

Tags: Buy A Car, Car Payments, Chapter 13, Loans, Refinance Car, Refinance House

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2 Responses to “Im in a chapter 13 and I owe car and house. My payments for 5 years. Can I refinance a house and buy a car?”

Lover not a Fighter says:

October 8, 2009 at 10:38 am

If you are in any kind of banruptcy, your credit ***** (big time).

Refinancing requires good credit. So no.

Good Luck…
ElGrande says:

October 10, 2009 at 8:38 pm

Keep in mind that refinancing a house means you’d pretty much have to qualify for a mortgage loan all over again. If you’re in Chapter 13, I seriously doubt they’d refinance you.

Sorry, I wouldn’t even try it. And I wouldn’t try to qualify for a car loan under bankruptcy unless you’re willing to pay exorbitant interest each month.