Legal Question in Credit and Debt Law in Michigan

michigan statute of limitatoins (JOINT account )

HELLO,

4 years ago I co signed on an account with my mom to IMPROVE MY CREDIT scores. It did and I BOUGHT a home and then another and then ( lost job ) and houses.

Savings went fast and rents were

too thin to cover. MY question is

my mom made a payment 2 years ago And has since WENT BANKRUPT.

I have recieved letters saying I owe the $8,000. Now since she went bankrupt is it all GONE? and if not do I go BY her last payment to

start the staute of limitations?

AND can I send them a request asking them for PROOF IT'S my account I wish to have the original

copy of the account prooving it's my account and I hear if they dont reply in time ( with certified mail proof ) that they must stop collection against me... or is that not true and it's just the staute of

limitations? and what do I go BY

MY LAst payment of MY moms..

I NEVER SENT a payment to them

in my name but I STILL just wonder

and I cant find any refrence to the

solution to this thanks.


Asked on 1/27/09, 7:18 pm

1 Answer from Attorneys
Renee Walsh LawRefs Nonprofit

Re: michigan statute of limitatoins (JOINT account )

You should definitely dispute the bill. Respond to the creditor by stating in writing, certified mail return receipt requested, that you dispute the bill.

If you are on the account, you should be able to access the history on the account to find out more information about it and answer some of your questions.

You should send a letter asking for proof that it is your account. When defending your position, argue that it was not the intent of your mother to put you on the account to share her legal responsibility.

If the last time that your mom made a payment was at least 6 years ago, use that time, because the statute of limitation on breach of contract (what your mom did if she did not pay according to the contract) is six years.

Read more
Answered on 1/28/09, 9:47 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Michigan