Re: SRA Associates

Posted by Why Chat (12.77.147.147) on July 19, 2002 at 18:10:10:

In Reply to: Re: SRA Associates posted by Fenrir on July 19, 2002 at 08:21:14:

If you had been sued it would have been not on your original contract, loan agreement , but on the deficiency in the repossession. Even in a voluntary repossession whatever you signed only transferred any net interest you may have had in the car. For a contract to count as a "written" contract it has to have specific terms, conditions and a finite "end". Everything else is either an "open-end" (like cc accounts) or arises out of some other contractual obligation, like a repo deficiency judgment, i.e. 3 years, same as for credit cards.

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