In a case where National Collegiate Student Loan Trust sued my client in Maricopa County Superior Court to collect on a private student loan, the arbitrator found in favor of the Arizona consumer and dismissed the claim.
Arizona Six-Year Statute of Limitations Applies to Private Student Loans.
The statute of limitations on a private student loan is the same as any other credit or contract obligation. Thus, if it is a written contract, signed in Arizona, the statute of limitations is usually six (6) years.
Arizona Four-Year Statute of Limitations Applies to Private Student Loans Incurred Outside of Arizona.
The exception to the six-year statute of limitations is a loan which was entered into in another state other than Arizona. For example, if you signed for the student loan while living in Oregon, then the Arizona four-year statute of limitations should apply.
National Collegiate Student Loan Trust sues Arizona consumers under under several different names, such as NCSLT 2006-1, 2006-3, 2007-2 or NCSLT 2007-4, etc.
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3 steps to take when being harassed or bothered by debt collectors. Debt credit Attorney Floyd Bybee specializing in Identity theft, collection harassment, and bankruptcy.