[eddie]

what is the statute of limitations on unsecured credit card debts in Arkansas. Are unsecured credit card agreements considered in Arkansas oral or written agreements? Thanks

[Mr. Knowitall]

what is the statute of limitations on unsecured credit card debts in Arkansas.

It appears that the Arkansas limitations period on an open account is three years. That would presumably run from the last charge, last payment, or the date payment was due following the last charge, whichever is later.

Are unsecured credit card agreements considered in Arkansas oral or written agreements

They are written. You can get a copy from your credit card compan should you request it.

[eddie]

Thank you Mr. Knowitall for your answer.
I am still a little bit confused about the statute of limitations. an unsecured credit card is considered a written agreement and the statute of limitations for a written agreement is 6 years in Arkansas. at the same time an unsecured card is considered an open account therefore the statute of limitations would be for 3 years in Arkansas. What am I missing here?
Thanks.

[eddie]

if I may ask another question. My credit card company is not posting my payment history on my credit report. How can I prove the date I made my last purchase?
Thanks.

[aaron]

The mere fact that there is a written contract underlying an open account, as is always the case with a credit card, does not mean that it is no longer an open account.