A $250,000 Settlement for a 3D-Printed Gun Injury Provides a Path to Resolve $70,000 in Auto Debt

A 21-year-old man can now resolve a $70,000 debt stemming from a Dodge Hellcat purchase. The debt accrued after Andrew, who bought the car at age 18, sold the vehicle without transferring the title or paying off the loan.

This financial liability remains despite a recent $250,000 settlement Andrew received. The settlement resulted from an incident where Andrew was shot by a 14-year-old using a 3D-printed firearm. The funds were paid out by the child's mother's homeowner's insurance policy.

During a call to "The Ramsey Show," Andrew asked if he could wait for the debt to disappear from his credit report. Dave Ramsey responded, "No, honey. You owe the money," and advised him to use the settlement money to write a check and pay the creditors. Ramsey suggested that while Andrew could attempt to settle the debt for a lower amount, he should do so with the intent to resolve theliability honestly. The final path to financial recovery is using the $250,000 settlement to pay the $70,000 debt.