There are only 2 states where the statute of limitations is the longest--15 yrs., Ohio and Kentucky. Either way--the time starts when the last payment/sale of the car amt. was applied to the balance. Make sure your time limit is up when you call your Attorney General in your area. Have the name of the company, phone number and the name of the collector/s for the Attorney General Check the following link for your state's statute of limitations http://www.bankrate.com/brm/news/cc/20040116b1.asp?print=on I Would Contact Your County Attorney About This. Sounds Like The Sham Artists Are Out Again. I`m Almost Sure In No Way You Are. But For All Concerened, This Needs To Be Made Known. Call The County Attorney Give Him The Facts And The Person`s Name That Has Called.
Yes. If you signed the loan, you are still legally responsible for it.
The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
Yes, he or she would be equally responsible for the repayment of the loan balance.
Yes he/she is just as responsible for the loan as the signor of the loan.
The owner of the car (person(s)) who took the loan on the car are responsible
YES, read your contract.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Most likely not depending on what financial situation you're in.
The vehicle can be repossessed.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.