Can a credit union force car insurance on an auto loan after financing has already been established? - has my car been in an accident
Stayed in the @ $ 2700 extra for my loan and since then my monthly payments went from $ 350 per month to $ 700 per month. Before this happened, my credit was good, and since that time my credit card has changed dramatically. I was told that this may be illegal. If someone requests information please let me know. Oh, and it is in California.
Thank you!
Thursday, January 7, 2010
Has My Car Been In An Accident Can A Credit Union Force Car Insurance On An Auto Loan After Financing Has Already Been Established?
4 comments:
If you had the full insurance for your car? You have the right to do what is called "forced place insurance" company car loans have been here for years.
The only way to achieve eradication is to have your own insurance, then you try your credit union is insured the vehicle.
Of course they have the right ". The car is your guarantee. Be sure to make adequate provision for its own account and protect your investment, it is for you. The same applies to owners who agree to the forfeiture of insurance. Impactor Mortgage Company own coverage until you reach your own back. It is ungodly expensive, and generally most people are aware of this.
Of course they have the right ". The car is your guarantee. Be sure to make adequate provision for its own account and protect your investment, it is for you. The same applies to owners who agree to the forfeiture of insurance. Impactor Mortgage Company own coverage until you reach your own back. It is ungodly expensive, and generally most people are aware of this.
Your question makes no sense. Nobody auto insurance for a car loan.
In California, the law requires, each car have insurance. When you finance your car, you are required to have car insurance through the lender, it is to protect the lender. We are trying to do, I think, from the finances of your car but your insurance lapsed, the creditor obtain car insurance for you and made for the premium charged. If what we ask, then yes, the auto insurance that will not be forced to finance his car.
If you already are trying to rent, even if legally required to have automobile insurance paid, you do not have to give if they do not like all uninsured people, save a little money for the insurance, then always an accident, lack of tears.
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