A deer took out my automobile. It was an affordable used automobile and I didn’t suppose it will find yourself totaled however right here we’re. I’m the other way up 4000 {dollars} and no hole insurance coverage. If I let it go to collections, I can settle the debt for in all probability 1000 or much less. Are banks identified to do that straight, as a result of I’m not paying 4000 for a car I now not have. Sure, I might be getting hole for my new car buy.