Repossession
Insurance
Auto Insurance

What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?

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Wiki User
2006-06-13 03:49:13
2006-06-13 03:49:13

The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.

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