Arkansas Statute of Limitations

Every Arkansas Collection Agency may collect files in Bentonville, Conway, Fayetteville, Fort Smith, Hot Springs, Jonesboro, Little Rock, North Little Rock, Pine Bluff, Rogers, and Springdale. Fidelity Information Corporation is a nationally recognized collection agency successfully collecting in every state including Arkansas.

Recover your delinquent accounts through an Arkansas Collection Agency Service. Arkansas collection agency services can locate debtors and collect the money owed to your business, practice or facility. Using Fidelity Information Corporation or OldDebts as your Arkansas collection agency service can save you time and money.

With our custom-designed debt collection system, our collection agency can be more effective in recovering delinquent accounts, after more than 31 days have passed. We offer two ways to collect, which are our contingency method or our low flat fee instead of a percentage.

Following is some important information on Arkansas state debt recovery laws including: Arkansas Statutes, Arkansas Judgments, Arkansas Garnishments, Arkansas Interest Rates, and Arkansas Bad Check Laws.

STATE: ARKANSAS

Interest Rate

• Legal: 6% of 5 points above the Fed. discount rate
• Judgment: Contract rate of 10% per annum, whichever is greater

STATUTE OF LIMITATIONS (IN YEARS)

• Open Account: 3 (except medical which is 2 years)
• Written Contract: 5 (partial payment stops the statute from running)
• Sale of Goods (UCC-2): 4
• Domestic Judgment: 10 renewable
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Twice amount of check, prior to double charge, can start out with $25 charge per NSF check after 30 days.

GENERAL GARNISHMENT EXEMPTIONS
$500 head of family; $200 single. Includes personal property except clothing. Homestead Exemptions: 1/4 acre plus home in city (urban). 80 acres plus home is country (rural).