IC System is collecting auto loan debt in Missouri where the statute of limitations is 5 years. Average auto loan debt: $23,792. Garnishment limit: 25% of disposable earnings or 10% of wages (greater protection).
5 years
Statute of Limitations
$23,792
Average Auto Loan Debt
25% of disposable ea
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
Check for state-specific redemption rights
Validate any collection attempts under FDCPA
Missouri Protections
Missouri Merchandising Practices Act. File complaints with: AG Consumer Protection.