Moneybarn Finance

Grace007

I have arranged a monthly DD Payment Plan for the outstanding balance on a van that was an Insurance write off will they be able to still charge interest on the remaining outstanding balance I was seven months into a 48 month loan when the van was written off the account has never been in default and no payments missed.  is interest frozen on payment plans    thanks

MorningcoffeeIV

They don't need to freeze the interest.

You'd be better off defaulting.

Fighter1986

So if the van was written off your car + GAP insurance payouts would have covered the outstanding balance / settlement figure on the loan wouldn't they?