I have a friend who had a car repossessed quite a few years back. The amount that they used to claim was $9,341 but they're claiming that he now owes them almost $12,000. He doesn't have $12,000 lying around and he says the car wasn't worth even $3,000.
I'm wondering how they can continue to sue him if the car was repossessed, how they can add nearly $3,000 to the balance owed, and what he can do to get this off his credit. He had another debt that was much, much smaller which was written off because (I think it was called)the Wisconsin statute of limitations is only 6 years; they thought he lived in Texas and the limitations down there are apparently longer. How long ago does this repossession need to have been in order to get this debt erased?