Q: If the other party was at fault in a vehicle accident , will they pay me directly or will they pay the loan holder?
I owe 5k on an auto loan and the car was worth 15k
A: Get the payoff figure. From your example, if the value is 15, the loan company gets paid, releases the title, then you get paid is the normal sequence. If you were hurt in the wreck, contact a member of the Colo. Assn for Justice--they give free consults.
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