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.
They are the company that extends credit or a loan with the expectation they will be paid back. When creditors do not receive payment over a period of time, at least 90 days in most cases, they often hire another company to chase the past due amount. The company they hire is a debt collection agency. Debt collection agencies pursue the debt and receive a percentage of the amount they collect. That arrangement accounted for about half ($6.6 billion) of the industryâs revenue in 2014.