I live in arizona and had a car repo'ed in Dec of 2001. I recently applied for a new home loan and recieved a copy of my credit report. The collection company that purchaced the loan from the origional lender has been reporting a history for some time. I have never made any arrangments or committments to make right the debt. They are now threatening me to sue for a large sum of money. MOre than the debt was origionally. After the time frame do they have any recoarse or ability to collect. The history that they are reporting is fictional. I have done nothing on this. When i have spoke to them I told them I had no intention to pay. I spoke to a woman a couple of years ago at the collection agency and she said that my statutes were nearly up and that they would no longer have any right to the collection. I have tried to seek council and have had no luck finding an attorney to help me.

