- Report: #998780
Complaint Review: Drive Time Corp.
| Drive Time Corp. 3000 S. Woodland Blvd Deland FL 32721
DeLand, Florida United States of America |
|
Drive Time Corp. Unfair Practice DeLand, Florida
*Consumer Comment: Best to take care of the balance due now
*Consumer Comment: You still owe
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This report was posted on Ripoff Report on 01/17/2013 05:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Drive-Time-Corp/DeLand-Florida-32721/Drive-Time-Corp-Unfair-Practice-DeLand-Florida-998780. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Comment
Best to take care of the balance due now
AUTHOR: MovingForward - (USA)
SUBMITTED: Friday, January 18, 2013
Now you will need to recover from this unpaid loan. Once you agree to a loan, you have to pay it off, regardless if the vehicle is totalled or not. The insurance will cover the value of the vehicle and you are responsible for the balance (as stated above). The balance doesn't just go away. When its charged off that is the beginning of collections, potential judgement and then garnishments where applicable.
That's why people buy gap insurance to pay off the difference between what the insurance co pays and the loan due. In fact, I am surprised you didn't have a gap policy in place to pick up the difference. In any event, you will want to take care of this as soon as possible as interest continues to accrue on the loan.

