I got into an accident that wasn't my fault but I didn't have insurance because my previous insurance was way to expensive and I was shopping for cheaper & Louisiana is a No play,No pay state so the at fault driver’s insurance won't pay for the damages because I don’t have insurance on the car. All the lawyers I spoke with said there’s nothing I can do! I can’t afford to continue to pay for a totaled car, what should I do to get out of the loan?
Sometimes, your finance company will put its own insurance on the vehicle to protect itself if it is notified that there is no insurance on the vehicle. If so, it would protect the finance company and pay it for any loan amount that is due. However, you would not receive any equity amount if there is any. You may want to find out if your lender placed its own coverage on the vehicle. https://www.creditkarma.com/auto/i/force-placed-insurance/
If there was absolutely NO insurance on the vehicle at all, then you are out of luck. The only way to get out of the loan is to maybe file bankruptcy.
Our Rating is calculated using information the lawyer has included on their profile in addition to the information we collect from state bar associations and other organizations that license legal professionals. Attorneys who claim their profiles and provide Avvo with more information tend to have a higher rating than those who do not.What determines Avvo Rating?Experience & background
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline