You signed the loan papers and until the loan is paid in full you and you only are obligated to your creditor. If you don't make the payments on time you will have your credit damaged.
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
IF you had ins. coverage and were not in DEFAULT of the loan in any way, CALL AN ATTORNEY NOW ! ! ! Are you sure the vehicle wasn't actually stolen? Usually the only two reasons for legal repossession are being in default on your payment or not keeping the required minimum insurance on the vehicle. This is to protect the finance company from possible loss and basically protect their investment.
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
If you have a deductable and it's worth it then file a claim, you may get it on your comprehensive for being stolen. Depends on your insurance? Call them and ask.
They will not repossess a vehicle unless you have defaulted on the loan. Defaulting on the loan is being late with the payments. Call the lender and talk to them.
Major benefit of stolen vehicle tracking is being able to identify and locate any stolen vehicle using GPS tracking. Also cars with stolen vehicle tracking can be subject to reduced insurance premiums.
towing company should have insurance
Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.
The companies insurance will protect them from being sued but not you.
No, Your homeowners insurance is a type of "Hazard Insurance", you must continue to make your mortgage payments as usual. If your policy contains "Loss of use" coverage, then your insurance will cover the cost of temporary housing within policy limits, allowing you to continue making your mortgage payments.
it depends on where the are being stolen from. it depends on where the are being stolen from.
Swiftcover car insurance company is headquartered in Surrey, England. Swiftcover's claim to fame is being the only 100% online car insurance company, although they do have three call centers.