Legal Question in Credit and Debt Law in Florida

Voluntary Reposession

I had a voluntary reposession April 1999. I told the car dealership, Ugly Duckling, I was moving to Puerto Rico, and had to return my truck. I asked if there would be any problem and I was told no there wouldn't be the salesman I dealt with assured me that they could sale the truck for more than I owed. Of course, I did not get this in writing. I heard from a collection agency about 6 mths. later, and told them that I was not going to pay the full amount owed because I know they sold it. I never heard anything else regarding this issue. Now, I rec'd a letter in the mail from an atty. wanting to represent me in a case against me. Ugly Duckling has filed a Judgment against 4 1/2 years after the fact. I have not been served. The case was filed on 10/21/03. Is there a statute of limitations regarding reposessions? Please advise me of my options. Thank you.


Asked on 12/04/03, 11:34 am

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Voluntary Reposession

The Statute of Limitations is 5 years.

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Answered on 12/04/03, 2:08 pm


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