Collections Law/Repo in 2003

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Expert: - 1/19/2010


Question
I have a Repo since 2003. I am trying to fix my credit and went to a place to do that. Since they started i have gotten many phone calls about the debt on the car. I paid a little last year on it thinking it would help me but i was later told something else. What can this debt collector do if i do not pay.

Answer
Joshua,

Unfortunately when you paid a little to them you reset the statute of limitations. See statute of limitation for your state here:  http://www.henleycreditlaw.com/2009/12/statute-of-limitations-sol-on-debt-by-sta...

You also reset the statute of limitations for reporting too. If you had not made a payment then it would have fallen off this year and not been able to be on your credit report anymore.

Chris Ebert
http://www.henleycreditlaw.com

Collections Law

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Chris Ebert

Expertise

I can answer questions for Texas and California residents concerning issues that involve creditor and debtor rights. Specifically, I can answer questions concerning: FDCPA, FACTA, FCRA, and Texas / California state collections violations.

Experience

For the last 6 years I have worked as a Sr. Paralegal in a law firm (http://www.henleycreditlaw.com) that defends debtors against their creditors. I have reviewed thousands of credit reports and under the supervision of our attorney helped hundreds of client resolve their credit issues.

Organizations
Henley & Henley, PC

Education/Credentials
BBA University of Texas at Austin

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