answersLogoWhite

0

Notify your insurance company and file a claim. Failing this, you will pay the balance owed on the loan. The property that secured the loan, that which was stolen, only acts as security for the lender.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Do you get a check if you are financing the car when it was stolen?

You will still owe the money even if stolen. Your insurance carrier may give you a check for the difference of what you owe, minus the deductible and the fair market value. It never is equal to what the car was worth though. It is better to keep the car from being stolen. If you have bought the car from a car dealer they will be reimburse you however seek advice from your local citizens advice bureau. If the car was bought privately you will still be liable for the repayments however you should seek legal advice.


What happens if your car is stolen and you still owe on the loan?

If the vehicle is/was encumbered by the original loan then it should be insured. If there is no insurance or the insurance does not cover theft the purchaser is still responsible for the full amount of the loan. The issue of the vehicle being stolen does not affect the legal responsibility of the buyer to honor the loan contract.


Is it possible to pay the difference for full coverage if motorcycle was stolen with just liability and still owe?

No. It would be insurance fraud to up to full coverage for a missing bike and then claim it was stolen. Quick ride to jail. Report it to police and you may recover it.


What d IOU stand for?

I owe you, as in I owe you money or something


What to do when you lone money to a friend.?

You have to write it down somewere that they owe you money and the next time you see them whip out a dollar bill to buy something mention that they still owe you ____ amount of money.


If you filed for bankruptcy and then your car was repossessed are you still going to have to owe something?

Ask this of your B/K attorney. that's what you are paying for.


If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?

If the car is being repoed then you owe something.


How do you get rid of a car on which you still owe money?

Sell it privately for what you owe on it.


If you didnt owe money for 2007 but you did owe for past years will you still get a check?

i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.


What happens if your bank goes to bankruptcy and you owe money to them?

You still owe money.


Can you remarry in the state of Alabama if you owe back child support?

You can still remarry but you will still owe the child support arrears.


Will I still receive a stimulus check if I owe taxes?

Yes, you will still receive a stimulus check even if you owe taxes. The stimulus payment is not affected by any taxes you may owe.