What are your rights if you had a car repossessed 10 years ago and a creditor is calling on behalf of the finance company asking for money?

Each state has a statutes of limitations on loans. Check the following site for your state. http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml Please know that the clock starts ticking on the date of the last activity on the account-- which should be the date the car was sold or auctioned off. If your state limitations are up--the creditor can start them up again simply by showing the date they received the collection. Fortunately or unfortunately, old accounts that were not collected seem to be great money makers for collectors these days. These accounts can be sold for as little as a penney per $100--any money that is collected is profit to them. If the account bounces from one agency to another, the date keeps changing so the accounts stays active. My advise--if the limitation on you loan is up --report the agency to the Federal Trade Commission. "The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261."