what do i do
Date: Sat, 07/18/2009 - 14:26
I had a car repossessed in 1990 while residing in Arizona. I bought the car and entered into contract in the state of New Mexico. Now in 2009 I had a collection agency (Vision Financial Corp) contact me stating that I owed them 2100.00 dollars and they would show a 0 balance after I paid this amount. There was another agency last year (Calvary Portfolio) that tried to collect on the same debt. They have the debt listed as a credit card with Nations Bank. I have NEVER had a credit card with this bank. But after they do some investigation they find out that it was a balance left from a repossession. First I want them to leave me alone. Second do I have any legal recourse?
Arizona Revised Statutes Section 47-2725 states that suit on the
Arizona Revised Statutes Section 47-2725 states that suit on the breach of a contract for the sale of goods must be brought within four years. Most states follow the UCC of 4years. Send them a C&D and tell them to pound sand.
Legal recourse?? Nope. You still owe the debt...they just cannot sue you anymore.
