My question involves an auto loan or repossession in the State of: Mississippi. In 2001 I had a car repossessed. We had bought the car new, paid cash and then later took a loan out with the car as collateral. The loan was for far less than the car was worth. I didn't hear nothing else from them and in 2003 I moved to Georgia. Now, after 8 years I get a letter from the bank asking for the money. Isn't there a statue of limitations or something like that? I mean, 8 years, really????
Moderators-could you please change the spelling of repossessed in the thread title?It wouldn't let me change it! Thanks

