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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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Related questions

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 after a repossession can a creditor sue you?

A creditor can try to collect forever but it's usually not worth the cost of involving the courts.

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 after repossession can you get a car loan?

The repossession stays on your credit report for 7 years.

How long does a buy here pay here keep their titles on record for repossession?

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How long is a repossession on your records?

7 years

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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 does the repossession process of a car usually take?

The repossession process of a car usually takes about 6 months

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.

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It will die eventually, whats the point of trying

How long will a repossession agent search for a vehicle?

Till they find it.

Can you be threatened with repossession for having been arrested?

You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.

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