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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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โˆ™ 2015-07-16 18:06:15
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Q: How long can they keep trying to collect on a repossession?
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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.


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