More details to this question:
I bouhht car financed and after 3 weeks i got total loss of my car with flooded..my insurance offer me $ 8000 and my loan is 14000$!!! i need help
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
This is a deficiency claim NOT diminished value. There is no real remedy here, other than hiring a lawyer for a lawsuit, if the inusrance carrier won't assess he vehicle at a higher value. Unfortunately, if you over finance a car, i.e. its "upside down", the insurance carrier does not pay for poor credit or financing decisions, but rather the actual cash value of the vehicle (ACV).
Answered on Sep 19th, 2017 at 6:25 AM
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