
Originally Posted by
Rammer
I have been recently contacted by a collections agency regarding a loan and credit card debt which I had not paid. The debt was for 15,397 total and a judgement was passed in 2000. I have heard nothing from the creditors or any collections agency until now and I am under the impression that the statute of limitations has expired and since I have just started to establish my credit again that they are looking for some kind of payment.
P.S. The house I live in is mortgaged in my girlfriends name only, is there a chance of them trying to seize any assets through her?
The Statute refers to the period during which the debt is still "alive," during which it can be legally pursued. The Judgment is good for at least 8 years, often 10, and it's renewable at least once for the same term.
No one can seize any assets/monies that are NOT in your name.
I'm surprised with a $15,000+ debt that no acton has been taken to toward garnishment of your wages or even seizure of your auto - although they hate to do that in most cases and resort to it when all else fails. You have probably heard from them because they are looking to collect through any legal means, including seizing bank accounts in your individual or joint name.