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Peggy, the lender got a judgment against you for the Unpaid Balance after selling the car. That judgment becomes a sellable item. Agencys and attorneys and LARGE companys BUY the judgments before SOL runs out and tries to collect.However, some agencys try to collect even when its no longer possible. Verify that they are legit before you make any payment arrangemnets with them.
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What is the statute of limitations on the lienholder trying to collect the balance of the loan after sale on a voluntary repossession of a car?
the same as an invol. Depends on your state laws. If the lender has gotten a judgement, it could be a long while.
How long do courts keep records of repossession orders?
Courts typically keep records of repossession orders for a period of 7 to 10 years, but this can vary depending on the specific jurisdiction and the type of record. It is advisable to check with the court or a legal professional for accurate information regarding retention periods for repossession orders.
Is there a statute of limitations on how much time they have to collect after a repossession?
The SOL starts when the Lender gets a JUDGEMENT for the balance due.IF the judgment is sold correctly, it can stretch for a long time.
How long does a buy here pay here keep their titles on record for repossession?
wutlol. your question makes no sense. english please
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
How do you pass the game My Super Boyfriend?
You complete the game when you collect all the boy friends. Keep trying different phone numbers. Warning : it may take a long time if you do it over and over and over again.
How long is a repossession on your records?
7 years
If I missed five payments on a motorcycle can I pay them late and avoid repossession?
Up until the time that your motorcycle is actually repossessed, the dealer will be happy to receive your payments, even if they are late, and will allow you to keep the motorcycle. But if you wait too long the repossession will happen.
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
How long after a repossession can a creditor sue you?
The time frame for a creditor to sue you after a repossession varies by state, but typically it ranges from 2 to 6 years. It's important to check the specific statute of limitations in your state to determine the exact time frame.
If you still owe money on a car after a repossession is there a time limit for how long the loan company has to collect it?
check the SOL in your state. Usually 7-10 yrs. but the judgments get renewed so it goes on and on like an Energizer bunny...
How long can you keep a plant alive?
It will die eventually, whats the point of trying
