Hey everyone!
So last August I totalled my new car after owning it for a year and a half. Unknowingly I had liability insurance instead of full coverage leaving me responsible to pay the remaining balance of the car to the lender (capital one). The car was sold off at auction and I currently owe around 11,000 dollars. They offered me to settle at 40 percent making it so I would owe around 4,500 dollars. Another thing I should mention as well is that nobody told me I had improper coverage as capital one is supposed to have someone called a loan officer to make sure you are within the grounds of your contract. When I signed the contract for my car I still did not have proper coverage so my mentality to pay them back has been that it wasn't all 100 percent my fault so why should I have to shoulder all the blame. I have been dodging 1-800 phone calls from them and waiting but this is when they emailed me about the 40 percent debt settlement. Should I wait more? Should I settle? Will they come after me for the entire remaining balance? Thanks everyone. Have a good day.
Submitted October 01, 2021 at 06:28AM by rennabeat https://ift.tt/3B4NwgU
