Arizona Statute of Limitations on debt collection
Q: What is Arizona Statute of Limitations on debt? I am about $4,000 in debt and need to know when it expires.
A: You should have specified the type of debt you are in, e.g. car loan, credit card. Here are the Statutes on Arizona debts,
- written contracts - 6 years, runs from date creditor could have sued account
- oral debts, stated or open-ended accounts - 3 years
- promissory notes - 5 years
To figure out exactly which Arizona Statute of Limitations applies to your debt, consider that car loan falls under written contract type, whereas credit card or line of credit belongs to open accounts.
Mon Sep 8, 2008 01:09PM by Tony | More in Debt Relief | Comments (0)
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