Legal Question in Credit and Debt Law in Texas

Repossed vehicle

Vehicle repossed 3 years ago. Can the finance company still collect amounts owed or charged to me on the vehicle after all this time?


Asked on 7/31/07, 2:57 pm

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Repossed vehicle

Yes; statute of limitations for suit on a debt is four years. You are still responsible for any deficiency remaining after they sold the vehicle.

Read more
Answered on 7/31/07, 3:55 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas