Re: Why Chat -- Please advise on SOL for auto contract/repo

Posted by LadynRed (199.91.33.254) on February 28, 2003 at 11:39:41:

In Reply to: Why Chat -- Please advise on SOL for auto contract/repo posted by hunted on February 28, 2003 at 11:20:04:

The original contract for your car loan was written. However, that contract became null and void when it was repo'd, so it would revert to an open-ended contract SOL, which LONG AGO ran out. Besides that, there is an SOL for collecting on a deficiency for a repo, seems to be 2 years in most states. Either way, its a dead debt !

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