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.
Creditors lose their legal right to take you to court for the debt, but will still try to persuade you to pay off your defaulted credit card balance voluntarily. The statute of limitations for credit card debt collection in most states is less than seven years.