Legal Question in Credit and Debt Law in Michigan
auto repossession
i had an auto repossessed in 2000, they auctioned off in feb.2001, i just recieved a bill for 3600. for the difference plus over $7500 in interest. is their any statue of limitations or recorce that i'm able to use
Asked on 3/08/07, 11:08 am
1 Answer from Attorneys
Rochelle Guznack
Law Offices of Rochelle E. Guznack, PLLC
Re: auto repossession
The statute of limitations is 6 years from date of contract or date of last payment on the vehicle. It sounds like the 6 years passed; therefore, they should be unable to collect.
Answered on 3/08/07, 2:27 pm