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.
Youâre dealing with two different time limits here â a statute of limitations (how long you are legally obligated to pay the bill) and how long the credit bureaus can report it (seven years and 180 days after the original account went late). You can find more information here: Does Your Old Debt Have an Expiration Date?