Legal Question in Credit and Debt Law in Florida

Statute of Limitations question

I have a debt whose date of last activity was 07/95 (per my credit report). It's the result from my car being repossessed. I always thought that the Statute of Limitations in FL to have a claim filed against me is 5 years but I just got a letter from a law firm saying that are considering suing me for this debt. I looked through the FL statutes (specifically Sections 95.031 & 95.11) and it seems to say that indeed it is 5 years. My question is, when does the statute of limitations begin to run? The language in Section 95.031 is very convoluted and difficult to understand. Thank you for the help.


Asked on 12/07/00, 5:00 pm

2 Answers from Attorneys
Richard Ruth The Ruth Law Firm

Re: Statute of Limitations question

You may also wish to check Section 95.051, Florida Statutes, which identifies the manners in which the statute of limitations might be "tolled".. that is, extend the limitations period.

Read more
Answered on 12/14/00, 11:12 pm
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Statute of Limitations question

The s/l begins to run when the debt matured, that is when you became obliged to pay. The latest would be when the last payment became due.

Read more
Answered on 12/11/00, 1:34 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Florida