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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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