Can this debt be cancelled?

State of Georgia. I entered into a debt in 2003 (automobile). I had the vehicle voluntarily repossessed due to inability to keep the payments up. A judgment was filed against me in my state (GA). I have only been able to make small payments sporadically but they continue to phone me (either the attorneys' collection staff or sometimes the original creditor) about every other month. Wouldn't the statute of limitation apply by now, and how/what specific action can I take to get them to drop the debt? And what other debt cancellation options would I have in this matter?

The statute of limitations may or may not have expired. Check your State's statute for this.

Usually, the statute of limitations doesn't begin with the inception of the debt, meaning when you entered into it. It usually begins from the date of last delinquency.

If you had a judgment against you, what year was that?

Don't accept phone calls from collection agencies and don't pay them. Never acknowledge a debt as yours to a collection agency. Do try to pay with the original creditor if that is where the original debt was involved in the judgment. You cannot get them to drop the debt.

The only debt cancellation option you have would be to file for bankruptcy but that's not recommended unless there really is no other way out. Keep in mind that voluntarily surrendering the vehicle did not relieve you of your obligation to pay what is still owed. More likely, the bank sold or auctioned the vehicle for less than what was owed on it, and this is typical. You are responsible for paying the remaining balance.

Since you had a judgment against you, it would be prudent to make every effort to pay it off.

[tanja53]

Get an unlisted phone number so they cant call you.