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Moneybarn Finance
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
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Comments
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They don't need to freeze the interest.
You'd be better off defaulting.1 -
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?1
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