Legal Question in Credit and Debt Law in Pennsylvania
finance
can a company come after me for funds for a repossed car after 7 years
Asked on 4/25/08, 3:56 pm
1 Answer from Attorneys
Matthew Nahrgang
Nahrgang & Associates, P.C.
Re: finance
There is a 4 year statute of limitation on contracts. So, they can only sue you within 4 years of the date of last payment. However, they can call and write forever subject to the fair debt collection practices act. Also, despite the limitations issue, they could still sue you and you would have to defend yourself noting it has been more than 4 years.
I trust this answers your question but feel free to call or E-mail with any others.
Answered on 4/25/08, 4:01 pm