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What is the statute of limitations of charge off auto loans in Virginia?
Wiki User
∙ 11y ago
If you defaulted on a car loan, most states have a statutes of limitation of 10 years. Even though the lender may have "charged off" the debt, the debt could and probably has been sold o a collection agency. You can protect yourself from the Collection Agency from harassing you by sending them , by registered , a letter requesting Validation Of The DEbt. The Collection Company has to stop calling you and the must provide proof of the original loan and a signed copy of the contract, a license showing that they CAN collect the debt, and proof that they, indeed , have purchased the loan from the original creditor and the necessary paperwork to prove it. Most collection companies cannot obtain that information so is that is the case, you can contact the credit bureau that has it listed as a bad debt and showing the proof that you did contact the collection agency and received no response, the have to remove it from your credit report. If , in fact the collection agency DID report this questionable loan as delinquent without any of the above proof, you can sue them for defamation of character.
Wiki User
∙ 11y ago
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What is the statute of limitations on private student loans in Florida?
what is the statute of limitation on private student loans in florida
Are they a statute of limitation on student loans in South Carolina?
Student loans are a Federal guaranteed loan. There is no statute of limitations for them.
What is the statute of limitations on having to pay a bank Back for a student loan?
Most student loans have no statute of limitations, even if issued by a bank.
What is the Texas statute of limitations on private student loans?
4 years
What is the statute of limitations in Texas on private student loans?
4 years
Does a student loan have a statute of limitations after 7 years in New York?
Federal student loans do not have a statute of limitations. If it is a personal loan, it may have one.
What is the statute of limitations for unpaid internet payday loans in the state of Ohio?
Payday loans are based on a written agreement or promissary note. In Ohio the statute of limitations is fifteen years.
Can you sue a borrower for unpaid loans?
Yes, and you should act quickly. There is a statute of limitations on such actions that varies from state to state.Yes, and you should act quickly. There is a statute of limitations on such actions that varies from state to state.Yes, and you should act quickly. There is a statute of limitations on such actions that varies from state to state.Yes, and you should act quickly. There is a statute of limitations on such actions that varies from state to state.
What is the statute of limitations on coming back and collecting money owed for a loan that the balance was zeroed out but money never taken out of a checking account electronically?
There is no statute of limitations on federal student loans under any circumstance.
What is the statute of linitations for unpaid payday loans in the state of Texas?
In Texas, the statute of limitations for collecting unpaid payday loans is four years. This means that a creditor has up to four years from the date the debt became due to legally pursue repayment through the court system. After the statute of limitations has passed, creditors may not be able to sue for repayment.
What is the statute of limitations for repos in IN?
The statute of limitation for written contracts (including auto loans) in the state of Indiana is ten years. This time period also applies to promissory notes, however for oral agreements and open accounts the statute is only six years.
Statute of limitations on Sallie Mae loans?
If this is a Federal Student loan unfortunately, THERE IS NO STATUTE OF LIMITATIONS. If this is a PRIVATE, UNSECURED STUDENT LOAN, by LAW, this is subject to a STATUTE of LIMITATIONS. One quick way to check what kind of loan you have is to simply contact the Dept. of Education and ask them for a full account and record of all your Federal student loans. Depending on the competence, or honesty of the judge and lawyers involved, you should expect a reasonable resolution of the statute of limitations has passed. Sallie Mae is a dirty company and will lie about terms of your contract, date of origination and sometimes even what school the loan was for. Make sure to keep ALL your records and come prepared to court. Call an attorney and Good luck.
