statute of limitation
Date: Wed, 01/17/2007 - 11:06
my car was a secured loan thru a bank in NC and i sopt making payment and the date the account was closed is 2004. now i live in Ga wat is the statute limitation .
The statute of limitation is less effective on secured debts. Th
The statute of limitation is less effective on secured debts. The creditor has the rights to repossess your car if you are late in payments. They will auction from the sale of the car and recover the outstanding balance. If the debt is not fully recovered, they will contact you again for the remaining balance. That debt will become unsecured and statutes will be applicable on it.
