Andrewmed Cleveland
New member
Hey I had called the statefarm emergency line and got no where on this so was wondering if someone might know a thing about my situation.
Sunday I was cut off by a car and i went driver side first into a deep drop and flipped a couple times and finally got propped up on a fence ( heres a video tour http://www.youtube.com/watch?v=1Wk6xHzyFpU )
It was deemed not my fault but the other guy didnt stop and wasnt caught.
Statefarm got back to me saying they are going to be paying $12232.25 for this which isnt too bad cause i still owe 14,334.82 on the loan. Now heres my question when i go to get the cheque on tuesday what am i able to do with the money? Is the cheque just in my name and essentially i can just go buy a car for the $12k and just continue my normaly biweekly payments or will the money be in the loaners name and i have to pay it right to them? Or is it something i dont know?
The situation is that i cant get refinanced with these guys ( I had bad credit when i got the car and since then discovered credit fraud. and they wont reloan me any $$) and all together i cant get finaced but i need a car for my job. So yea hope to get some answers
Thanks guys
Sunday I was cut off by a car and i went driver side first into a deep drop and flipped a couple times and finally got propped up on a fence ( heres a video tour http://www.youtube.com/watch?v=1Wk6xHzyFpU )
It was deemed not my fault but the other guy didnt stop and wasnt caught.
Statefarm got back to me saying they are going to be paying $12232.25 for this which isnt too bad cause i still owe 14,334.82 on the loan. Now heres my question when i go to get the cheque on tuesday what am i able to do with the money? Is the cheque just in my name and essentially i can just go buy a car for the $12k and just continue my normaly biweekly payments or will the money be in the loaners name and i have to pay it right to them? Or is it something i dont know?
The situation is that i cant get refinanced with these guys ( I had bad credit when i got the car and since then discovered credit fraud. and they wont reloan me any $$) and all together i cant get finaced but i need a car for my job. So yea hope to get some answers
Thanks guys