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 Posted: Fri Oct 31, 2008 4:28 am Post subject: leinholder |
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I had damage to my care from Ike, got a check for damage with my name and the leinholders name on it for $800.00 more than I still owe. Can I deposit it or does the leinholder have to sign off on it first? Whats the law on this, can they make me get it repaired? I would love to just pay the car off, and call it aday. Thanks in advance for your help
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Dee
Guest
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| Posted: Fri Oct 31, 2008 10:48 am Post subject: |
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Dee you can send the draft to your lein holder and have it applied to your loan, no they cannot make you repair it, but they have to protect your lien holder you can have it applied to the principle only (smart move) or use it as payments (not as smart a move)...remembering however should you suffer another loss/damage in the same area as this damage you won't be paid for that again, since it was not repaired...let us know if you have any other questions or there is any other way we can assist you.
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
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| Posted: Fri Oct 31, 2008 11:00 am Post subject: |
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| If the check bears just the amount required to pay-off the loan, I'd say that it would be wise for you to make the payment and clear the lien on the car. Lori has suggested the right option. |
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RupertWBradson
Senior member
Joined: 05 Jul 2007
Posts: 703
131.12 Dollars($)
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