Garnishment after 10years
Date: Mon, 09/11/2006 - 15:40
It's legal...They don't have to notify you per se..But you must
It's legal...They don't have to notify you per se..But you must receive a copy of the judgement. I think this is right on the edge of the SOL..Are you certain that they haven't contacted you over the years at all, and are you positive it isn't on your credit report? If it isn't it will be now. You need to get a hold of them right away..It's highly possible that you can still enter into a payment plan, although you'll still have the nasty black mark on your credit now.
Now I am really confused. I thought that after the SOL (which
Now I am really confused. I thought that after the SOL (which I thought was 7 years at the longest) there could be no legal collection. So how could this be?
Keep in mind, the company is garnishing for a secured debt, not
Keep in mind, the company is garnishing for a secured debt, not an unsecured debt. Finsfan is right, you must receive a copy of the judgment and you should also check that the papers have been filed properly in the court.
the SOL you are thinking of (7 years) is the maximum time a bad
the SOL you are thinking of (7 years) is the maximum time a bad debt can be reported on your credit reports under the FCRA. This is different that the statute of limitations on collections of accounts which vary by state. What state do you live in? someone could look it up for you.
