71 days and waiting for repair

To All,

Due to inactivity closing this thread at this time.

Thank you,

Mark
Rapid Response Team

time for an attorney and law suit?

EA Williams wrote:

AmericalVette wrote:

EA Williams wrote:
are you actually thinking of paying the deductible BEFORE the repairs are done? As I have said before your only leverage is thru the finance company, if your coach is financed. Contact them explain the situation and inform them that you can no longer make payments on an un-usable coach and you plan to abandon it where it sits. Best of luck to you.

Bad idea. Not making payments and abandoning it where it sits could result in a repo which would destroy your credit.

It's a very bad situation to have a coach that can't be used. I hope this turns out well for youl

Let me see if I can explain...This is a matter of motivation. No financial institution has any interest in taking possession of a toxic asset i.e. unusable/damaged coach. They, the financial institution, will get involved to motivate the insurance company and the repair facility in order to avoid taking possession of the toxic asset. Additionally a voluntary repossession is a black mark on a credit score but will not destroy a credit rating. Sans "short sales" after the 2008 real estate collapse.

Alternative.. continue to make the loan payments, insurance payments, pay the deductible and continue the 80 mile round trips. That doesn't seem like a very good idea. Stop letting the tail wag the dog. IMHO

:R

Toxic asset? Where DO you all come up with this stuff?!

Lending institutions could care less if your vehicle is broken, burned or otherwise. You HAVE to make the payments on the 'loan'.

The lenders have nothing to do with nor to they care about your personal problems, only that they receive the monthly payments on the loan.

They will not and do NOT speak on your behalf regarding any insurance claims. Where DO you get this type of info?

Do you guys live under a rock? Don't make a payment on a loan and repossession actions begin. And again they do NOT care what is broken on it or care if it is running or not. They will just REPO it. And guess what?? When they go to sell it, if the amount they receive does not cover your balance on the loan? YOU are STILL responsible for THAT amount!

Then just try to get another loan after a repo.

I suspect the "mod" that posted is actually a bot.

Nope
They are real people LOL

Admin
RV.net

chris3403 wrote:
The Mod posted the same exact message twice 15 hours apart.

I suspect the "mod" that posted is actually a bot.

Good luck, but Good Sam/Camping World is not an insurance company. They are simply a broker. They sell you insurance through Insurance companies....I don't think Good Sam/Camping World would be responsible as far as the insurance part goes. Sounds like you need to take it up with the actual insurance company.

AmericalVette wrote:

EA Williams wrote:
are you actually thinking of paying the deductible BEFORE the repairs are done? As I have said before your only leverage is thru the finance company, if your coach is financed. Contact them explain the situation and inform them that you can no longer make payments on an un-usable coach and you plan to abandon it where it sits. Best of luck to you.

Bad idea. Not making payments and abandoning it where it sits could result in a repo which would destroy your credit.

It's a very bad situation to have a coach that can't be used. I hope this turns out well for youl

Considering what some people owe on RVs, I suspect that "destroying" their credit might be the BEST possible outcome!

If your lending institution is GSFC, please disregard the above statement.

AmericalVette wrote:

EA Williams wrote:
are you actually thinking of paying the deductible BEFORE the repairs are done? As I have said before your only leverage is thru the finance company, if your coach is financed. Contact them explain the situation and inform them that you can no longer make payments on an un-usable coach and you plan to abandon it where it sits. Best of luck to you.

Bad idea. Not making payments and abandoning it where it sits could result in a repo which would destroy your credit.

It's a very bad situation to have a coach that can't be used. I hope this turns out well for youl

Let me see if I can explain...This is a matter of motivation. No financial institution has any interest in taking possession of a toxic asset i.e. unusable/damaged coach. They, the financial institution, will get involved to motivate the insurance company and the repair facility in order to avoid taking possession of the toxic asset. Additionally a voluntary repossession is a black mark on a credit score but will not destroy a credit rating. Sans "short sales" after the 2008 real estate collapse.

Alternative.. continue to make the loan payments, insurance payments, pay the deductible and continue the 80 mile round trips. That doesn't seem like a very good idea. Stop letting the tail wag the dog. IMHO

EA Williams wrote:
are you actually thinking of paying the deductible BEFORE the repairs are done? As I have said before your only leverage is thru the finance company, if your coach is financed. Contact them explain the situation and inform them that you can no longer make payments on an un-usable coach and you plan to abandon it where it sits. Best of luck to you.

Bad idea. Not making payments and abandoning it where it sits could result in a repo which would destroy your credit.

It's a very bad situation to have a coach that can't be used. I hope this turns out well for youl