Question regarding statute of limitations

[Tonyflorida]

Hi All,

My Wife and I moved from Michigan to Florida for a job in 2017.

Shortly after moving my Wife lost her job and we stopped making payments on a vehicle and it was repossessed.

The last date of payment was July of 2017. We took the loan out in michigan.

The original creditor sent us a letter seeking payment or threatening to sue us if we do not respond in 7 days.

I am wondering which statute of limitations would apply...florida or michigan. Florida is 5 years and michigan is 6.
Thank you for your help!

[des8]

I regret you are unlikely to receive advice from this site as it is UK based.
Suggest you contact someone Stateside

Good luck and best wishes for the New Year

[atticus]

The OP should look at the loan agreement to see which is the governing law of the contract. Should it specify the laws of England and Wales, then under the Limitation Act 1980, the period is 6 years.