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Auto Insurance Claims/stolen automobile/insurance

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Expert: - 7/30/2008


Question
Any idea if after a car is stolen that the loan company should stop reporting till the insurance company pays.  It took the insurance company a little over 60 days.  This was reflected on credit report.  Or was it the owners responsibility till the insurance company paid?

Answer
Hello Alicia,

Unfortunately, it falls on your shoulders to make sure payments are made on the loan while the insurance company pays. 60 days is a long time.

Call all credit Bureaus and dispute this. Put it on writing and argue that it was a confusing situation. Insurance was supposed to pay buy you did not. Usually, if you put it on writing and are proactive, you can clear it up from your record.

Contact Equifax, Experian, and TransUnion.

Good Luck
Anne.  

Auto Insurance Claims

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Anne

Expertise

Auto insurance claims regarding vehicle accidents, insurance coverages, auto policies, bodily injury claims, pain and suffering, injury settlements and negotiations.

Experience

I am an adjuster for injury claims and property damage claims for over 5 years (still working there). I have worked for personal injury attorneys helping consumers get a fair treatment and I am passionate to help others with their vehicle accidents.

Education/Credentials
B.A. Economics/ Political Science

Awards and Honors
I was the top settling claims adjuster at the Insurance Company that I worked for.
I am the co writer of http://www.auto-insurance-claim-advice.com a website dedicated to help consumers document their auto claims and navigate the complex claim process.

Past/Present Clients
I work with injury lawyers working on high dollar settlements and jury awards for pain and suffering see: Spokane Law Office.

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