What is the name of your state (only U.S. law)?
TEXAS
I bought a car in 01 with loan from the bank. Last payment made was in Aug of 03 and I think thats when it was charged off also. The car sold at auction in about May of 04. They did send me a certified letter I signed for sometime in 04 and just recently talked to them on the phone..
My question is when is or was the statute of limitations up on this? I have heard/read 4 years or something about 6 years??
When did that statute of limitations start? and what does that do for me if they sue me (they say they are)??
TEXAS
I bought a car in 01 with loan from the bank. Last payment made was in Aug of 03 and I think thats when it was charged off also. The car sold at auction in about May of 04. They did send me a certified letter I signed for sometime in 04 and just recently talked to them on the phone..
My question is when is or was the statute of limitations up on this? I have heard/read 4 years or something about 6 years??
When did that statute of limitations start? and what does that do for me if they sue me (they say they are)??