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Unsecured credit card, statute of limitations

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  • 02-07-2006, 08:46 PM
    eddie
    Unsecured credit card, statute of limitations
    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
  • 02-08-2006, 06:20 AM
    Mr. Knowitall
    Re: Unsecured credit card, statute of limitations
    Quote:

    Quoting eddie
    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.

    Quote:

    Quoting eddie
    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.
  • 02-08-2006, 09:38 PM
    eddie
    I am a little confused :(
    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.
  • 02-08-2006, 09:44 PM
    eddie
    credit card company not posting my payment history on my cre
    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.
  • 02-09-2006, 12:57 PM
    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.
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