What do you think? Finance/car
Hi, this is my first time posting here. I’m in a bit of a weird situation and looking for some advice/ opinions. ( I got my car financed through the bank and I also had GAP insurance)So to start off 2 years ago I was in a 5 car accident, I was the last car so I was at fault and my vehicle was totaled. I had full coverage insurance (GEICO) under my step dad’s car insurance but Unbeknownst to me he/or the insurance dropped the insurance to liability. I only had the car for about 10 months at the time. Fast forward I found out about the insurance and I had to pay for the car tow from the highway to tow yard then back to my house. Though additional talks with the insurance they told me in order for them to total out the car I had to get it towed to a collision center and get a estimate for the vehicle and send pictures, jump forward 3 ish months they said they can’t total out the vehicle and that my bank has to do it from then on I bounce back and forth talking to the insurance and the bank leading nowhere and I eventually dropped the insurance on the car.(this entire time I always paid my car note and never late). About 6 months after my accident the bank that I had was taken over by another bank and they added forced placed insurance onto the car loan, In which I contacted them spoke to multiple people across different departments the same thing as before bouncing between them and the insurance sending countless emails of what they asked for just for it to lead to nothing. I didn’t have much hope to begin with and knew I just I had to pay the car off. Again I was never late and always paid my car note on time. Fast forward a few months I moved from a house to an apartment and was unable to take the car with me so I thought to give it another try to see if someone could fix it a couple thousand later they ran into a problem they couldn’t fix it got it towed to another collision center and they couldn’t fix it so I let the car be towed to a junk yard and was just working hard to pay off the loan as fast as possible. A couple of months later I look at my account and 4 days ago I see a-lot of traction happening in the account. First I see a charge for a repo fee, a deduction of the CPI insurance, a Loan Interest Accrual adjustment and then a bunch of payment reversals and then transactions of “regular payment” then the last transaction saying “Principal Receipt” with what my car note would be. And at the top it said my next car note and the amount significantly lower than what it should be. The very next day the account disappeared and I can’t see it anymore. I want to add again that I never defaulted nor missed a payment on the car loan. So I guess my biggest concern is will the remaining balance show up on my credit report? And the bank that I have now they don’t have many locations and it’s hard to get someone on the phone.