Legal Question in Credit and Debt Law in Minnesota

wanting to collect after 10 years

In 1996 I had a Mercury Cougar that was repossed in Indiana. The original balance owed was $3,763.87. I never paid it and now after 10 years a company by the name of People First Recoveries has contacted me treatening t take me t court for the amount of $8,557.90 which they say I owe to National City Bank...not the same company I bought the car from. Since it has been 10 years, can they still come after me?

Thank you,

Juan


Asked on 8/31/06, 11:23 am

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: wanting to collect after 10 years

Statute of Limitations may bar their claim. I would need to see their claim + orig documents.

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Answered on 8/31/06, 12:14 pm


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