Legal Question in Credit and Debt Law in Pennsylvania

Vehicle Repossession Statue of Limitations

My vehicle was repossessed 15 years ago. At the time I didn't understand the laws. To my recollection, I was sent any forms stating that my vehicle will be resold. A few days ago, a Law Office notified me by phone and said that if I didn't pay the full amount due, then I will be taken to court. I have received no information about this by mail. Is this a true claim? Or is there a Statute of Limitations?


Asked on 4/15/08, 2:25 pm

1 Answer from Attorneys
Lawrence Holzman Holzman Law Firm, LLC

Re: Vehicle Repossession Statue of Limitations

The answer probably depends on whether they actually went to court and took a judgment against you back when the repossession took place. If they did, then the judgment has been growing at 10% per year ever since (if it is a Maryland judgment).

Now, the judgment would also have to have been renewed by the creditor at this point. So, in addition to having a judgment against you, it must have already been renewed by filing renewal papers in the court.

If the creditor did not get a judgment long ago, then it is way too late for them to collect now. If they got a judgment but did not renew it, it is probably too late to collect now (depending on which state and when the judgment was entered).

You should definately ask them to send you something to prove the basis for their claim.

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Answered on 4/15/08, 2:53 pm


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