Indiana bank sues Michael Vick over unpaid car loans

By: The Associated Press
By: The Associated Press

An Indiana bank has sued embattled Atlanta Falcons quarterback Michael Vick for not repaying loans involving a car rental business.

South Bend-based 1st Source Bank claimed in a federal lawsuit that it had suffered damages of at least two million dollars as Vick and a company called Divine Seven of Atlanta had refused to pay for the vehicles.

Vick signed loan agreements on behalf of the company, which bought at least 130 vehicles.

A phone call to a number listed on loan documents for Divine Seven was answered by a clerk at a Payless Car Rental office in Atlanta.

The bank says it has been able to repossess most of the cars, which will limit Vick's financial liability in the lawsuit.

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