okayy Posted October 27, 2004 Report Share Posted October 27, 2004 I have this attorney who is sending me letters about an auto loan that was acquired back in 1995. The loan was defaulted on in 3/1996 and the car was repossed. This charge off account was removed from my credit report last year (2003).Is it still possible for this attorney to collect on this debt? I'm in Alabama Link to comment Share on other sites More sharing options...
DocDon Posted October 27, 2004 Report Share Posted October 27, 2004 Looks like the SOL for a written contract in AL is 6 years. I'd let the attorney know that. Link to comment Share on other sites More sharing options...
LadynRed Posted October 27, 2004 Report Share Posted October 27, 2004 Even better, once the car is Repo'd its not even a written contract any more, its a repo - falls under UCC Article 9 with a FOUR YEAR SOL. Were you sent any documentation on the repo-- right to cure, notification of location and time of sale, accounting of the sale, etc ???? If not, then they haven no right to collect on a deficiency anyway. Link to comment Share on other sites More sharing options...
okayy Posted October 28, 2004 Author Report Share Posted October 28, 2004 I never received anything as far as a sale transaction etc...... It seems like the attorney who agreed to take this account would know its a dead end. I guess hes trying to push me to see if i would make a payment on this....................Thanks Guys! Link to comment Share on other sites More sharing options...
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