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Sure you can, but you're still responsible for paying off the loan to the finance company. If the check will cover the pay-off, give it to the finance company. If it doesn't, give it to them, anyway. It'll reduce your debt by that much.

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โˆ™ 2015-07-15 18:41:53
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This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: Can you cash a check written to you by your insurance company for a car that was totaled but still has remaining payments on it to a finance company?
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Related questions

How can you take over payments?

Contact finance company


What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?

Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.


Can you purchase auto insurance 1 month at a time?

You are going to have to put down a down payment and then you can finance the rest and pay in 9 or 10 monthly payments. It reall depends on the insurance company.


Can you take over car payments?

Yes, with the agreement of the finance company.


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


What happens if the car gets stolen and its still on finance?

You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.


What does the finance company do when a car is totaled and there is no collision insurance?

If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.


Who get the money if the car is totaled and the car is on chapter13?

The insurance company will pay the finance company not you.


When your car gets towed and you have it finance but have no insurance or DL. can the finance company pick up the car for you?

ABSOLUTELY.


Does life insurance corporation housing finance a government company?

yes


What if you have a car loan and have an accident and bank or insurance didn't make sure you had full coverage?

When a person finances a car, proof of insurance is required, a buyer has about 24 hours to let his insurance company know about his car. In the event that car buyer stops making insurance payments the finance company is almost immediately notified and your car finance agreement charges the buyer a higher monthly payment for "single interest" insurance. That is where the finance company is reimbursed if vehicle is damaged, to protect their interests but not the buyer's. They can then at least get it fixed, and sell to someone hopefully more responsible. They have this stuff all figured out.


What should you do if a finance company returns your payments?

Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.

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