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.
This comes as average credit card debt per U.S. consumer nudged up over the last year by more than $270. On average, each consumer had $4,971 of credit card debt in the second quarter of this year, according to the credit-reporting bureau TransUnion. There is some debate over the best way to pay down debt. The government's financial literacy websites counsel consumers first to pay off debt with the highest interest rate. And going by the numbers, that is the logical approach. But it turns out people need more than logic, especially when it comes to achieving a long-term goal like debt elimination.