What is the statute of limitations for auto repossession?Wh... happen after 7yrs and it rotten the credit report? After 8 years and a repo is removed from you credit report.

After 8 years and a repo is removed from you credit report. Can another company try to collect? What is the statute of limitations on this matter?

Answers:
Was the repo the result of a court judgement?

This type of loan is a "written" contract and most states enjoy a longer statute of limitations. If it went to court, you can toss the SOL out because they can verbs to collect for a very long time. Here within Michigan they have 10 years, but they can profile a motion to renew and extend it for another 10 years....over and over. Other states only allow 3 renewals.

Other Answers:
NO! ABSOLUTELY NOT! I have a repo in 2002. After solitary 4 years, I filed a dispute near all 3 credit bureaus and the repo be removed. If it has be more than 7 years since your repo, the file should enjoy been burned and lost forever. If there's a different company trying to collect on it, that's a great annoyance suit. Anytime you get any type of correspodence from the company, clutch a copy of the letter, YOU hold on to the original, and convey a letter a put a bet on them stating your ground. They cannot collect and it is harrasment.

Hoping your taking care of the motor, I'm not familiar next to the repo requirements in your nouns however do know a bit about title work and the title on that vehicle will not be clean. Meaning you are stuck near it for a long time to come, no resale or trade in unless you find someone who doesn't charge about that sort of entity ;-)