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Old 10-15-2009, 10:26 PM
allrawpaul allrawpaul is offline
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Default Stolen vehicle debt

I owed about 6 grand on a vehicle 10 years ago when it was stolen. I reported it stolen , I moved, and havent heard from the lender or anything about the vehicle since. What should I do about it? Thanks, Paul.
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Old 10-16-2009, 12:20 AM
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sapphirecapital sapphirecapital is offline
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Default Re: Stolen vehicle debt

no insurance? pull your credit file, should be on there, when you have it contact them and make a deal, remember any penny they wave is income for the IRS
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Old 10-16-2009, 07:06 AM
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Upper10% Upper10% is offline
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Default Re: Stolen vehicle debt

Quote:
Originally Posted by allrawpaul View Post
I owed about 6 grand on a vehicle 10 years ago when it was stolen. I reported it stolen , I moved, and havent heard from the lender or anything about the vehicle since. What should I do about it? Thanks, Paul.
Did you contact the lender at the time you reported the vehicle stolen to the police?

I take it there was a lien on your vehicle and your insurance company was aware of who was the legitimate loss payee...i.e. meaning you received no money from the insurance company...you should have received a letter from the insurance company of the amount that they paid the lender on your behalf and whether you owed any balance or if your loan was zero.
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