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RV Loan

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Old Oct 24th, 2007, 01:57 PM     #1
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Default RV Loan

I'm not sure this is the right category, but here goes:

Years ago, my husband bought a motor home and signed a contract with Bank One. In 2000 my husband died, and I took over the payments. The RV is now trashed. My auto insurance company has refused to pay as the damage is "wear and tear." I had full coverage on it.

The loan is still in my husband's name. The RV is not worth the balance on it, $7,000+. Will my credit be affected if I simply stop making the payments? I can't afford to pay for it and I don't believe I can sell it. My name is on the registration. I live in the state of Washington.

Thank you for any help.
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Old Oct 26th, 2007, 06:46 PM     #2
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Default Re: RV Loan

Did you sign something with them when you took over payments? How did it get trashed?

Did you use it after the death of your husband?
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