Probably; it depends on the laws where you live.
No
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
Debt collection in Kentucky is the longest time frame. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
yes
no
it depends on the card and company.
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
Debt collection in Kentucky has one of the longest limits. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
There are basically two parties involved with credit cards - the creditor and the debtor. The creditor is the organisation who pays the shop or business the debtor (ie you) are buying from. They then collect the money from you in installments adding interest each month until the bill is paid.
Only if the credit card is assigned to the business as a company card.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
They check you credit rating with the 3 main credit bureaus.