I live in Ohio.
So essentially, what I wanna do is take a couple smaller debts and combine them into one bigger debt through my bank, which has offered me a loan at a pretty decent rate. All is good so far.
The only thing I didn't consider (and can't discuss with my bank until Monday) was that one of the loans I was going to pay off was for my truck.
If I use the loan I'm getting from my bank to consolidate my debts to pay off my truck, do I still need to have full coverage insurance since I am 'kind of' still paying on my truck, or does it not work like that because the bank won't own the truck, I will, they will just be loaning me money that I decided to use on the truck.
In total, they are loaning me about 10,000 dollars, and I am using about 8,000 towards my truck and the last 2,000 towards two seperate, smaller debts, again - to combine all my debts into one loan so I don't have so many monthly payments spread out over several different banks.
Thanks guys.
Submitted November 16, 2018 at 12:40AM by Vigilante720 https://ift.tt/2PxotPV
