My family member's son in law took out a loan in the family member's name using the family member's car as collateral. No payments were made on the loan. The car was repossessed after the loan defaulted. The auto loan was issued in Van Nuys, California.
A police report was created in Broward County, Florida. The loan company refuses to return the vehicle without full payment of the loan and is threatening to charge more over time.
If the loan were paid, would that impact the criminal fraud investigation in any way? Will the defaulted loan be removed from my family member's credit report once the criminal case is complete? Has anyone been through anything similar that could provide a time frame for all of this to shake out?