Legal Question in Credit and Debt Law in New Hampshire

Statute of Limitation for collection of Auto Lease turned in early

I signed onto a 42 month lease in Nov 96 for a 1997 Infiniti from Nissan Motors Acceptance Corp.

In June of 1998, I called NMAC and explained to them that I could not afford to pay lease any longer and had to turn car in. They instructed me to return it to the dealer. I was a resident of New Hampshire and still am. The lease was from a dealer in Beverly, Massachusetts. My credit report has shown a voluntary reposession since that date. On Feb 26, 2002, I received a letter from a local attorney in New Hampshire saying that this debt had been referred to them from Nissan Motor Acceptance for collection and demand payment in full to this attorney in the amount of $10,958.24. Which states' Statute of Limitations applies for collection of this debt? This is 1st time in almost 4 years I have heard anything about debt and credit report still says voluntary reposession. Should I reply to their letter??


Asked on 3/02/02, 7:36 pm

1 Answer from Attorneys
Roy Weddleton Granite Law

Re: Statute of Limitation for collection of Auto Lease turned in early

I would talk with an attorney before replying to any letter. Usually, the collection letter requires specific language and you have 30 days to dispute. Take the letter to a lawyer before you do anything else.

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Answered on 3/05/02, 1:04 pm


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