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I’m Being Sued for a Previous Car Repossession. – Nichole

“Dear Steve,

Wat should I do about a lawsuit in reference to a car loan that is at least 5 years old. I live in Maryland and CAC is trying to sue me for a vehicle that has been in their possession since April of 2005. I got the vehicle in Feb. 2004 and shortly after that I lost my job and could no longer pay for it. The last payment was made approximatelyin June of 2004. The law firm that’s suing me is trying to tell me the Statue of Limitations on car installment contracts in Maryland is 4 years. I dont know what to do.

Nichole”

Dear Nichole,

Simple, don’t rely on anything you might read on the internet, find a local attorney licensed in Maryland and ask them for their advice since this involves the local statute of limitations and an active lawsuit.

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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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