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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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