Robert
Buffalo,#2Consumer Suggestion
Wed, September 24, 2008
The statute of limitations for contracts and/or NOTES in Indiana is 10 years. If this is applicable to your car note then they can sue and win a judgment against you. If you receive a summons, do NOT ignore it else they win a default judgment against you.
Tim
San Bernardino,#3Consumer Suggestion
Tue, September 23, 2008
Nor worry about what should have been applied to your existing debt. In every state, 9 years is WAY over the statute of limitations on collections. If it appears on your credit report, the law says it has to come off (you need to dispute it with all three credit reporting agencies, and it will then come off). A critical element is that you DON'T RESPOND TO ANYTHING! There are things you can do or say which will re-affirm the debt and start the clock ticking again. Dummy up about it. Dispute it if it appears on any report. Then ignore any communication.