<prompt> Human: Hey PF, could you help me? Im freaking out and I cant get any answers from Travelers or Capital One. My car was severely damaged in a hail storm last week and the insurance company declared it a total loss. I still owe 14.6k on the vehicle. Travelers offered me 11,970.78 after vehicle devaluation and my deductible. If I want to retain the vehicle, which I do, theyll deduct the salvage value of the car and issue Capital One a check for 5.5k, leaving me in the hole almost 10k with capital one!My partner and I have had a really tough year and share this one car between us. Our savings has dwindled to nothing after a lay off and some unexpected expenses. We have to have a car and have been comfortable making a payment of 380m financed the car before the lay off but have no money to pay off the car, put a down payment on a new one or even buy a beater. Not having a car is not an option because we both freelance all over town on tight schedules and often need to haul gear. Capital one said I have 120 days to pay the 10k if I want to keep the vehicle, same amount of time to pay the 2700 if I dont want to keep it! They said theres no option to keep financing or making payments. I dont know what to do! Has anyone been in this situation before? Im kicking myself for not having gap insurance and for not having more savings, but I live in a crazy expensive city, and we just have not had enough money coming in over the past year to build up an emergency savings. PS- I live in Colorado, where youre not required to add salvage to the title for a hail-totaled car. EDIT: My boss said I could take a loan from the company to put towards the balance on the car and to put a down payment on a new car, but I dont think I could handle adding an additional debt payment to my budget right now, and it just seems like a bad idea in general to take a loan from my company. UPDATE Ive decided to cancel my claim, which helps me retain my car in the short term, but that probably isnt great in the long run as I still have 14k to pay off on a totaled car. Does anyone have info on refinancing negative equity without a trade in? Or any other advice?  <response>: Yikes this is why you always have gap insurance if your underwater on a car. Hard lesson to learn. 