Statute of Limitations in Georgia for Debt

[Irene0717]

My question involves collection proceedings in the State of: Georgia
I received a letter from a bank today. The letter stated that I have a promissory note due now from back in 2001. That they will begin legal action if I don't respond by this time next week. What is the statue of limitations on this? I had a car loan in 2001 with this bank. I did a voluntary repo due to some mechanical issues within 3 months of purchasing this car. This is the first time I've received anything. And nothing shows on any of my credit reports. What do I do? Thanks in advance for any help.

[Credithis]

Its beyond the Statute of limitations to report on your credit. Suing is also time barred as Ga's SOL is six years. However, you are in even better shape as the repo would fall under Georgia's UCC which is four years.

send em this:http://whychat.5u.com/repoltr.html#resource

Do send a DV to the Bank and mention SOL. Even if they are the original creditor (are you really sure its the bank, not a CA?) if you tell em its time barred that helps if they stupidly take you to court.