Is there a statute of limitation on "charge off" d
Date: Fri, 11/17/2006 - 15:36
Back in 7/2002 my husband (of five months) co-signed for a girlfriend's car. She left him, took the car, turned it back over to the Mazda Co and never told Charlie. Months later he was notified by her mother of the facts. He was never notified from the Mazda Company that they had repossessed the car. Upon finding out, Charlie immediately contacted the Mazda Company (by phone and certified letters) stating he would pay-off the debt if he could have the car. His letters were never answered and after numerous inquiries into this, the company quit speaking to him on the phone. Now, 11/06, Charlie has been notified that an attorney is trying to collect this debt from him. We live in Florida. Has the statute of limitations run (auto was last paid on 7/03)??? Can he be made to pay for an automobile when the company never contacted him when his ex-girlfriend quit paying the bills? What recourse do we have at this point? Any help would be appreciated!
Bobbie
Bobbie
Hi Bobby After the car gets repossessed, the balance amount b
Hi Bobby
After the car gets repossessed, the balance amount becomes an unsecured debt. Statutes of limitations will be considered here because the car is not attached. Legal actions like wage garnishment is possible.
Debts in Texas remain within statutes for four years. So, you have to be cautious. If you don't want to deal with the attorney, call the original company for arrangements.
