If my truck was repossessed 12 years ago and has been in collections for some time now, what to do about a pending judgement?

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If my truck was repossessed 12 years ago and has been in collections for some time now, what to do about a pending judgement?

The repssession is due to fall off my credit report soon. Recently I was contacted by a new collections agency that said they want to file a judgement. What is the statue of limitations on filing after 12 years? This seems very unfair. They are not willing to work out a fair payment I can afford either.

Asked on June 21, 2012 under Bankruptcy Law, Ohio

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Under most states in this country a judgment is good for ten (10) years and if not renewed within this ten (10) year period the judgement is then void after the passage of such period of time. In your matter, there is a chance that the claim against you if there is no judgment is time barred by your state's statute of limitations.

If there is a judgment against you, and if it is more than ten (10) years old and has not been renewed, then it may no longer have any legal force and effect.

I suggest that you consult with a debt collection attorney further about the repossession issue and whether the debt is still legally collectible against you.


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