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What is the statute of limitations on credit card debt in Arkansas after being charged off and sold to a third party? |
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Answer
5 years from the date default of the account. If at any time a payment or partial payment is made the SOL begins from that date.
Answer
That is incorrect. For arkansas it is only 3 years for an open account (credit card) see
http://www.cardreport.com/laws/statute-of-limitations.html
First answer by ID3413704722. Last edit by ID3413704722. Question popularity: 35 [recommend question]
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