I just received a summons and complaint to appear in Superior Court (by mail--kind of suspicious-no personal service) from TERI (The Educational Resources Institute) who alleges that they were the guarantors of a private student loan which defaulted in 1995!!!!
What is the statute of limitations on such promissory notes for PRIVATE student loans in CA? TERI is supposedly the largest private guarantor of student loans. So, no this is not a federally insured student loan as I have read about on this forum.
Should I hire a lawyer to challenge this complaint on Statute of Limitations grounds and also probably on the flaky service?
Thanks for any advice you can give me.

