Legal Question in Credit and Debt Law in Iowa

I had a car repossessed over 7 years ago. The item was removed from my credit report because it was over 7 years old. A law firm has now contacted me regarding this debt. I would like to start paying on it to keep them sueing me but I want to know if they can re-add the debt to my credit report again after I start paying even though it's over 7 years old?


Asked on 8/16/09, 11:46 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

Before you agree to any payment scheme you should consider whether any such effort to collect violates the applicable statute of limitations. That would require a careful analysis of the transaction and where it took place.

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Answered on 8/16/09, 3:46 pm


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