IC System is collecting auto loan debt in Florida where the statute of limitations is 5 years. Average auto loan debt: $23,792. Garnishment limit: Head of household exempt.
5 years
Statute of Limitations
$23,792
Average Auto Loan Debt
Head of household ex
Garnishment Limit
Known IC System Violations
Reporting unverified debts to credit bureaus
Continuing collection after dispute without validation
Using misleading language about legal consequences
Dispute Strategies
Challenge deficiency balance after repossession
Verify the sale was commercially reasonable (UCC requirement)
Dispute if proper repossession notice wasn't given