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  1. #1
    Join Date
    Feb 2006
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    5

    Default 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

  2. #2
    Join Date
    Sep 2005
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    Default 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.

  3. #3
    Join Date
    Feb 2006
    Posts
    5

    Default 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.

  4. #4
    Join Date
    Feb 2006
    Posts
    5

    Default 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.

  5. #5
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default

    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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