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.
Total credit card debt in August 2015 was Â£62.4bn. Per household this is Â£2,337 â for a credit card bearing the average interest, it would take 25 years and 5 months to repay if you made only the minimum repayment each month. The minimum repayment in the first month would be Â£55 but reduces each month.