Good day. My last payment was around 05-1997. I decided to voluntary turn the vehicle back to Ford as it was a lease. I was still obligated for a balance of apparently $13,735 per a letter by FORD on 6-1997. I never acted on the letter or request. The vehicle was sold at auction bringing the balance down to $6500.00 FORD charged-off that balance in 08-1997
I had only a few conversations with Ford. I offered them $1500 on the balance of $6500 to close the charge-off and remove from my credit, it was never accepted.
I never worked with any credit collections even though I received many of letters. More than 6-years has passed an I just received a law suit for the balance of $6500 plus legal fees. My credit reports reflect "charge-off on 8-1997," I think I can use this as proff that state of limitations have passed. If I'm correct, SOL is 4 years in CA (Were I leased the car) and 6-years in Las Vegas were I now reside for sign document / contract. Can I defend myself with my proof and documentation that "Statue of Limitations" has run out on this matter?
Thanks.
I had only a few conversations with Ford. I offered them $1500 on the balance of $6500 to close the charge-off and remove from my credit, it was never accepted.
I never worked with any credit collections even though I received many of letters. More than 6-years has passed an I just received a law suit for the balance of $6500 plus legal fees. My credit reports reflect "charge-off on 8-1997," I think I can use this as proff that state of limitations have passed. If I'm correct, SOL is 4 years in CA (Were I leased the car) and 6-years in Las Vegas were I now reside for sign document / contract. Can I defend myself with my proof and documentation that "Statue of Limitations" has run out on this matter?
Thanks.
