Arizona Charge Off Collection Attorney

Statute of Limitations on Debts

Below are the Arizona State Statutes of Limitations for various kinds of agreements that an Arizona charge Off collection attorney can assist you with according to Arizona Debt Collection Law.

Oral Contract: You agree to pay money lent to you by someone, but this contract or agreement is verbal (i.e., no written contract, "handshake agreement"). Remember a verbal contract is legal, if tougher to prove in court by our Arizona charge Off collection attorneys.

Written Contract: You agree to pay on a loan under the terms written in a document, which you and your debtor have signed. Our Collections in Phoenix Arizona firm can assist you with this type.

Promissory Note: You agree to pay on a loan by way of a written contract, just like the written contract. The big difference between a promissory note and a regular written contract is that the scheduled payments and interest on the loan also is spelled out in the promissory note. A mortgage is a promissory note. One of our Arizona charge Off collection attorneys can assist you with this type of Arizona Collection Services.

Open-ended Accounts: These are revolving lines of credit with varying balances. The best example is a credit card account. Our Arizona charge Off collection attorneys and Arizona Bad Debt Collection Lawyers have experience in these types as well.