<prompt> Human: My boyfriend damaged his truck to the point where he could no longer afford to fix it. He abandoned it and called the bank to take it back. At the time, I told him to not leave the truck out in a random lot and at least get it towed to his property but he didnt listen and just kept it there. The bank said that they had to wait 3 months of no payments to repo the truck so they didnt come get it. A week later, someone stole the tires off the truck and the bumper. My boyfriend says its the banks fault for not getting it and its not his problem anymore. He called a towtruck to scrap it.So what happens now? The bank isnt getting thier car back and my bf still owes 5k on it. He says its just going to go on his credit but is that really it? He wont get sued or go to jail or anything? Sorry im not used to being in debt  <response>: Well, the bank is going to want their loan repaid. If he doesnt pay, they can bring a court case against your boyfriend, get a judgement against him, and then theyll be able to legally confiscate money from any bank accounts he has, legally garnish the wages from his job, and legally take other property he might have and sell it, in order to pay off the debt.Also, if it goes this route, the total amount hell end up paying will be more than 5,000 - it will be 5,000 interest all the costs of the bank in going to court all of the costs in seizing his stuff and selling it, and so on.Creditors dont always do this, especially for small debts, but 5,000 is probably enough for them to care about.Just the fact of the truck being destroyed doesnt get rid of the loan. 