Although Arizona’s economy is on the upswing, not everyone is sharing in that prosperity. Mounting consumer debts are increasing as Arizonans have been using credit cards to help meet financial shortfalls. If you are living in debt in the Grand Canyon State and are looking for relief from aggressive bill collectors, Arizona debt relief programs are available to help you get out of a tough financial situation. Whether you are seeking advice on Arizona debt consolidation or need some simple debt help, enabling you to get ahead of your bills, we want to help. Americor has the debt reduction program that will work best for your family’s situation.
Getting Arizona Debt Help in the Grand Canyon State
Fact: Housing and apartment rental costs are pushing the cost of living way up in the Grand Canyon State. If you are financially under water and are looking for a way to get out of debt, exploring options includes knowing your rights and responsibilities under Arizona’s laws. On average, Arizona families are shouldering $4,919 in credit card debt, which is a burden that many find difficult to escape.
For Arizona debt consolidation or other debt relief programs, understanding Arizona’s Statutes of Limitations is important to knowing your rights. Although it varies state by state, the statutes of limitations is a specific limitation on the time in which creditors can file legal action against you for past due debts. In Arizona, the statute of limitations on outstanding debts are:
- Oral Contracts—3 Years
- Written Contracts—6 Years
- Open Accounts—3 Years
Like many other states, Arizona follows the set of laws known follows the set of laws known as the Fair Debt Collection Practices Act. Details include:
- A debt collector cannot send mail or call a debtor at work unless a good-faith effort has been made to contact the debtor at home and that effort has proven unsuccessful.
- A debtor has the right to see the agency’s records concerning their debt, without charge.
- A collection agency cannot contact any third party in order to inform them of the debt, to ask them to pressure the debtor to paying the debt, or pressure them to pay the debt.
- In the first call, the collection agency must disclose: name of creditor, time and place debt was incurred, merchandise or service purchased, and date the account was turned over for collection.
Arizona Debt Law
Maximum Interest Rate a Collection Agency Can Charge in Arizona: 10%
Arizona Debt Relief from Americor Financial
If you are trying to get out of debt and aren’t entirely sure where to turn, you need to discuss the range of debt management options available to you. Our team of financial experts is standing by to help you with the Arizona debt relief you need to get back on your feet.