HomeHow long can they keep trying to collect on a repossession?
Wiki User
2015-07-16 18:06:15
2015-07-16 18:06:15
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.
Related Questions
the same as an invol. Depends on your state laws. If the lender has gotten a judgement, it could be a long while.
A creditor can try to collect forever but it's usually not worth the cost of involving the courts.
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.
The repossession stays on your credit report for 7 years.
wutlol. your question makes no sense. english please
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