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Can a collection agency pursue a debt for a vehicle repossession that is 13 years old?

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βˆ™ 2006-08-02 12:35:42

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There is not a time limit on the collection of a debt. There are statute of limitations set by the state in which the debtor resides or in some cases where the debt was incurred that limits the time for which a lawsuit can be filed by the creditor/collector. It would seem that after the stated 13 years a lawsuit would not be possible with the exception of the debtor having changed the state of residency after the debt was defaulted.

2006-08-02 12:35:42
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Q: Can a collection agency pursue a debt for a vehicle repossession that is 13 years old?
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Related Questions

Can a collection agency pursue a minor?

Do not think that is legal because the minor is not able to borrow any money to collect.

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Yes, there is no statute of limitations on debt.

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File the information with a collections agency, and they will pursue the debt. Most collection agencies will also place the debt on the individual's credit report.

If the bank does a charge off for a vehicle because they can not locate it can it still be repossessed later by a collection agency?

Answeryes, if you are still in possesion of the vehicle and you have not paid, they will re-po the vehicle.AnswerSo can you still make the payments to the bank? In order to get out of repossion status?AnswerYes, a collection agency or other second/third party owns the note and they can pursue reposesion efforts. To answer the question aboove; It depends on the bank if they will allow payment arrangements. I would get a notice in writing from the bank stating the arrangements they have agreed upon, most often a representative of the bank will say anything to get in a payment and still have the repo contract open.

Can unpaid medical bills be reported on credit reports?

Yes, unpaid medical bills will be reported to credit bureaus not to mention the collection agency that the medical facility will pursue.

What does it mean when a second mortgage goes to a collection agency?

It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.

Can charges be filed against you if you co signed for a car and the creditor is trying to repo it?

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What is the statute of limitations on an unpaid debt in south carolia state that a collection agency may pursue?

The limitation is 3 years. The start of that time is the last acknowledgement of the debt, which could a payment.

Can a collection company freeze bank accounts that contain disability pension and social security checks in Pennsylvania?

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Can a debt agency pursue a debt from a non next of kin?

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What is the statute of limitations on an unpaid debt in Washington state that a collection agency may pursue?

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What is the difference between charge off and collection?

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What do you do about a bill from a collection agency for a bill you never owed?

Notify the collection agency in writing that the debt is invalid and the reason why. Keep a copy for yourself, and if possible send a copy to the original creditor.To save yourself some time and keep the best records, send any correspondence certified, return receipt, so the collection agency and the creditor cannot come back later and say, "We did not receive your letter." In the event that collections continues, and results in legal action, you can take your mail receipt with you to court, and likely as not the judge will dismiss the case and the creditor's ability to continue to pursue collections.

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If during the repossess of a mobile home damage is done to surrounding structures does the landowner have any recourse?

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In Texas can collection agency legally pursue a wife for payment arrangements if she is not on the account?

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What is the time limit imposed on a collection agency to validate a debt?

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Can the bank send someone to your house if you have not paid your car note and tell you that you could go to jail?

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