I have one credit card with a little over 5,000 dollars on it. I haven’t made a payment in over a year. I have ignored any phone calls, and haven’t acknowledged that I owe the debt. In AR the SOL is 5 years. Is it better to just keep ignoring them for a few more years in hopes they won’t sue me for 5,000 dollars? Or is it better to acknowlege the debt? I can’t pay it in full…which is what they want. Nor will I be able to make payments until my car is paid off in 10 months.
Posted in Russellville Arkansas
Tagged 10 months, acknowlege, car, card, Company, credit, credit card, debt, few more years, payment, Phone, phone calls, sol, year