Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
I'm Lucy, and I'd be happy to answer your questions today. I'm sorry to hear that this happened.
The statute of limitations applies to how long a creditor has to file a lawsuit on a debt. It starts running when the first payment is missed, and with credit cards, the statute of limitations can be reset if you use the card again or make a payment. The statute of limitations is 6 years, so they filed the judgment in plenty of time when they got the judgment in 2014. See Ariz. Rev. Stat., Section 12-548. Once the judgment is obtained, they have five years to collect it, and they can seek renewal when that time is up. Section 12-1551. So, unfortunately, it is not too late for them to collect.
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