Just a heads up. If you get a car from Raineys and return it they so call forgive your debt but u end up paying taxes on the debt ammount when you money is already taxed from your pay check. Bravo Raineys you sure know how to pull 1 over.

Portia, Rainey Used Cars has no desire to "pull one over" on you. We are legally required to issue 1099-C's when we cancel debt. Please see the link below for more information: https://www.irs.gov/taxtopics/tc431

I have a degree in accounting and my field is taxes. They're required to file the forgiven amount. There is a very long calculation that determines how much tax you're required to pay on the gift (forgiveness) which is calculated by the IRS. The only thing Rainey's does is provide the amount that was forgiven.