repossed car from 1992

by Charles

A unpaid balance for a car that was reposesed during a divorce in 1992 has recently been brought to my attention. It was never reported to the creddit bureas because the first collector dropped the ball (the present attorney's words) and so has never showed up on my report. I am not disputing the repossesion but is there a statute of limitations on a debt like that?? Can i still be forced to pay it through a court order (judgement)?? Thanks in advance.

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Apr 23, 2010
Statute of limitations on debt related to reposession
by: Mary

Thanks for submitting your debt collection question on our Q&A page.

Yes, a statute of limitations would apply to the balance due on the vehicle that was repossessed. My sources indicate that depending on the nature of the debt in Kansas, the statute of limitation ranges from 3 years to 6 years. To clarify what it is for your particular debt, consult with a consumer law attorney in your area who specializes in debt collection matters. Find out how to get FREE or low cost legal advice about debt collection from a consumer law attorney here.

Given that the debt appears to be well past its statute of limitations you could not be sued for the money, which means that you could not be forced to pay it through a court order. However, debt collectors can continue contacting you about the debt in an effort to get you to pay what you owe. Therefore, I strongly suggest that you familiarize yourself with your federal debt collection rights. You can get an overview of those rights if you read the first chapter of Debt Collection Answers online for free.

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