What is the statute of limitations for unpaid debt in Arizona?

Answer 1

Credit cards are considered "open accounts" the SOL in Arizona is 3 years. SOL's only apply to the time limit in which a creditor can FILE the lawsuit. It is possible to be served with a lawsuit summons after three years if the creditor filed before the SOL expired.

Answer 2

Credit Cards are typically considered Open Accounts. The credit card agreement you signed may specify the state laws that will apply to the account and collection activities associated with it. Read the contract and consult an attorney. In Arizona Open Accounts are subect to a 3 year statute of limitations.

Answer 3

In Arizona that would be 6 years. Medical debts are normally documented in writing. That gives them a fairly long period of time in which to collect. And it will be measured from the last acknowledgment of the debt, payment or letter from the person who owes.

Answer 4

Arizona has set the statute of limitations for an open ended account at only 3 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.

Answer 5

It varies depending on the type of debt. Written agreements, including Promissory notes are set at 6 years in Arizona. Oral agreements and open ended accounts (your credit cards) are set at 3 years.

Answer 6

Medical Bills Open Acct.: 3 Written Contract: 6 in Az. - 4 outside Az.

Answer 7

In most cases this is considered a written agreement. In Arizona there is a six year limitation.