Re: Car Repossession
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Posted by WHY CHAT (209.240.205.61) on November 24, 2003 at 01:15:29:
In Reply to: Re: Car Repossession posted by LadynRed on November 23, 2003 at 22:02:20:
"The Insider" is misinformed on this issue, as in other posts. LadynRed is correct, paying does NOT re-age or re-start the SOL. Here is the statute from the Florida page on my website. Title VIII LIMITATIONS Chapter 95 LIMITATIONS OF ACTIONS; 95.04 Promise to pay barred debt.--An acknowledgment of, or promise to pay, a debt barred by a statute of limitations must be in writing and signed by the person sought to be charged. In addition, if your client s being harrassed by a collection agency, or if this account is on his credit report, you can use the Repo/deficiency letter on my website.
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