When we began Seattle Bites Food Tours in 2008 we wanted to select those âhidden gemâ merchants who had outstanding food and who many visitors might not easily find among the crowds on a busy day at Pike Place Market.
The credit card companies have six years to collect a debt. The time starts when the credit cards make their last entry on your credit report. It is not your last payment as credit cards will continue to show late charges and interest penalties.
According to Gallup, the average credit card debt was $3,848 in 2008, though it was $3,426 in 2006 â lower than 2014. A larger share of adults reported not having any credit cards or balances they didnât pay in full that year, so perhaps Americans have become less reliant on credit.