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.