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.
If youâre trying to pay off credit card debt, thereâs a big determining factor in how long it can take: Itâs the interest rate on your credit cardsâotherwise known as the annual percentage rate, or APR. Letâs say, for example, that you have a credit card with $5,000 on it and an APR of 25%.