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#1 |
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Junior Member
Last Online:
Jan 9th, 2008 10:14 PM Join Date: Jan 2008
Posts: 1
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My son bought a car over a year ago. He traded in a car at that time. The dealer never paid off the loan, on his and many other loans. The car that was traded in is gone. The dealer was arrested on multiple counts. He has also declared bankruptcy. My son has been continuing to pay on the loan on a car that was stolen by deception, to protect his credit. His car insurance did not cover this situation, claiming it was theft by deception. The police claim they can do nothing at this time because it is an on going investigation. He has found no legal precedent and no legal help...He cannot continue to keep paying-what can he do? He has all specific paper work. Has anyone faced a similar issue? Does anyone know what legal alternative he has? This occurred in New Jersey. The New Jersey State Police are involved.
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#2 |
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Posts: n/a
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He should stop paying and the bank should also intervene and help pursue criminal charges--then the insurance should apply.
Email World law on their home page if you have problems getting this done. |
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#3 |
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Posts: n/a
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i bought a car last year and i went to part exchange it at a garage and they did a hpi check and i was told that the car was in what was called the recovery section of a company i was told the person i bought the car of had a loan and the car was like a guarantour now i have been told because the person i bought the car of sold it and owes quite a lot of money on it they are comeing to fetch the car from me,i new she owed a bit of money and she told me that she was going to pay it of with the money i paid for the car she wrote me note explaining this i took her word that she would pay it but she never did as any one got any ideas how i can stop them taking the car from me as it is only me what will suffer the company as said to me i can pay them what she owes but i will not do that the loan is more than the car is worth
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