Car was totaled...and we owe more then it's worth.

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PostPosted: Tue Oct 07, 2008 1:18 am   Post subject:   

If I had one I would. It was others in the neighborhood that was just letting them haul them away to get cash. I could have 40 of them in my driveway and wouldn't let these type of people take one. I would haul it away myself..piece by peice...or give it to the high school before I would let these welfare and disability scammers make money from anything I owned. Sorry it is a sore point with me.
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PostPosted: Tue Oct 07, 2008 1:21 am   Post subject:   

No need to apologize. Point well taken - and I agree completely.
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PostPosted: Tue Oct 07, 2008 1:24 am   Post subject:   

Most hard working Americans would agree.
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PostPosted: Thu Jan 01, 2009 10:41 pm   Post subject:   

If it were me I would want them to pay the leinholder because that would be one less thing that I would have to deal with. I suppose that it could be either way but it would be my preference that it go to the leinholder.
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PostPosted: Thu Jan 01, 2009 11:44 pm   Post subject:   

As though for the junk cars I would not just let people who are living off the funds of something like this and not working full time take a vehicle for the money they would get to junk it. I got an e-mail recently from Summit. It it is a place you can buy cheaper parts for older vehicles. They say that congress is trying to pass some bill that you will get a check if you take a used vehicle in and scrap it. I guess the government will pay you some small amount of money for doing this. Proablem is good will and Salvation Army have a program like this running except they actually give the cars to people who need them. By doing this the government hopes to get the automakers sales boosted (since people will need new cars if otrhers start scrapping their used ones) but it will raise the price of parts for older vehicles and m,ake them harder to find. Not sure this is a good idea.
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PostPosted: Fri Jan 02, 2009 2:49 am   Post subject: insurance  

Seems like there is ALWAYS a 'Catch 22' in trying to help someone. 'You scratch my bck, I scratch your' type of thing. What ever happen to just plain giving if you have it to give, without expecting something back?
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PostPosted: Sat Jan 03, 2009 4:36 am   Post subject:   

I used to be so willing to help people but I tell you once I started in working in the human service field, my sympathy went out the door. I see where people put themselves in the situations somehow, some way they contribute to their own misery.
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PostPosted: Sat Jan 03, 2009 11:22 am   Post subject:   

I remember to have heard of such a thing earlier when the claim amount could be more that the worth of the car. Will someone explain what might this claim comprise other than the worth of the car? Are you pointing a finger at the hospitalization charges?
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PostPosted: Sat Jan 03, 2009 5:43 pm   Post subject:   

Good natured, I really agree with you. I started to see the more I gave the less others gave back. I can only see it comprmising the worth of the car..as for the hops charges I do not know.
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PostPosted: Tue May 19, 2009 5:37 pm   Post subject:   

I am in this same situation and I'm very stressed out about the whole thing. The good thing about if I were to receive the check and not the lien holder would be that I could use that to buy another car and just keep making my regular payments on the totaled one. I have no idea at this point what will happen, though.
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PostPosted: Tue Sep 01, 2009 9:18 pm   Post subject: car trouble  

My car was totaled about 2 weeks ago not my fault my lein holder was paid off. I was told that I was receive to a balance
I was provided a rental car for approximately 10days
Know I am stuck without a car , no way to work,and no money to look for another vehicle any input would be helpful

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PostPosted: Tue Sep 01, 2009 11:09 pm   Post subject: accident  

Did the other Insurance not give you the 'Blue Book' value of the car? Maybe I'm missing something here...I don't know. Did you have an outstanding loan with the car? If THIS the case, then the money you would have received for the totaled car would have gone toward the outstanding balance of the loan.
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PostPosted: Tue Sep 15, 2009 10:41 pm   Post subject:   

i'm in the same boat. i owe more than it's worth and more than what the insurance company wants to pay. i was standing still when i got hit. the car is drivable, but they're saying it's totalled. at any rate, the leinholder is saying that i've only got 10 days to pay the balance of what i owe. that's preposterous. if i could do that i wouldn't be paying every month. why is it that i got hit and now i'm the one that's screwed. my insurance, the other guy's insurance, the leinholder all say the same thing and that's basically 'sucks to be you'.
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PostPosted: Thu Sep 17, 2009 10:51 am   Post subject: accident  

I'm in the same situation. When I 'totaled' my vehicle, I had an 'outstanding' balance, on my loan, even after the Blue Book value, of the car, was paid to me (or shall I say..paid to the Finance Co). Thank goodness I bought another car (in cash, this time). However..I still owe the oustanding balance. The Finance Co, I have the outstanding balance with, has been pretty understanding about this entire situation.
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PostPosted: Fri Sep 25, 2009 1:34 am   Post subject: Car insurance fraud  

Live in Missouri and i know someone that was cut a check in his name from a accident and he told them it did not have a lienholder on it so insurance made check in his name he cashed it and spent money..can he get caught doing this and how will the insurance company find out and why wasn't the lienholder contacted don't they look that stuff up first before cutting the check to you? and can he go to jail or get in any trouble for it?
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