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.
Consider these statistics about personal debt in America 1  : More than 160 million Americans have credit cards. 2  The average credit card holder has at least three cards. 3  On average, each household with a credit card carries more than $15,000 in credit card debt.  Total U.S. consumer debt is at $11.4 trillion.