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.
Credit card debt loads Credit card debt is like a bad houseguest: Get rid of it now, or itâll pester you for years. If you sent just the required minimum payment, for example, it would take nearly a decade to pay off the average U.S. household credit card debt. Using Federal Reserve and census statistics, Bankrate estimated how long it would take to pay off average credit card debts in all 50 states. In each case, we applied the typical monthly minimum: either $25 or 1% of the balance, plus interest carried over from the previous month (whichever is greater).