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.
So, if you have a $20,000 credit card debt, for example, and were paying the average interest rate (in 2017) of 15%, your debt would grow to between $29,000 and $32,000 in 3-4 years. So, if you owe $30,000 and a debt settlement company gets half forgiven, you only owe $15,000.