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They can still try to collect the money. Most creditors will try to find a way to keep the account active. If it goes past the 7 years then the best thing you can do is to send a cease and decist letter. Do not do this unless you are confident it is past the 7 years.

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15y ago

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How much credit cards do you need?

you dont need any credit cards you can live off cash and money you earn and not pay ridiculously to much in interest.


how can i get free money to pay off my credit cards?

how can it get free money to pay off my credit cards


Will paying off your credit cards raise your credit score?

things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.


I have some credit cards what will happen if I stop paying them.?

Please do not stop paying your credit cards back. You will destroy your credit score. It is devastating what can happen if you stop paying off your cards. Credit card companies will harass & chase you for up to 7 years if you do not pay. They can make your life hell. This happened to me. I did my best to always pay off everything I owed. I worked 3 jobs at one time to make sure i had enough money to pay my credit cards on time. But when I got divorced, one of the credit cards I shared with my husband did not get paid. He promised to pay it when we were together. And he was paying it. But when he left me, he took off & decided to not pay the card anymore. Even though the charges on the card were his, I was responsible for the bill (because it was my credit card) . The credit card company did not get tired of chasing me for 7 years. They were relentless with sending me bills, & threatening to take me to court if I did not pay them. They did & I had to pay back the $2,900.00 that my ex-husband did not pay back on my credit card. Fortunately, they did not charge me interest on top of that. This situation ruined my credit score for a few years. After the credit card company got their money back, my credit score slowly recovered but it took many years to recover from this.


Can you explain best way to pay off credit cards?

The single best way to pay off credit cards is to never carry a balance from month to month; the cumulative debt and interest may take years to pay down if only the minimum monthly payment is made.

Related Questions

How much credit cards do you need?

you dont need any credit cards you can live off cash and money you earn and not pay ridiculously to much in interest.


how can i get free money to pay off my credit cards?

how can it get free money to pay off my credit cards


Will paying off your credit cards raise your credit score?

things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.


i want to start my life over with good credit and pay off from what i own but when i go for a loan i am told i dont qualify so who and where do i qualify with seem like to me this is all BS?

You can dispute your bad credit until it's good again or just pay it all off. You need to pay off your debt first. Then apply for credit cards. You need to start with secured credit cards. Before you can use unsecured credit cards again.


If you cant afford to pay car payment and credit cards which is better to pay if you are going to pay on one?

Pay the car payment. So you can take your butt to work and pay the credit cards!


How do you pay your bill on line?

by your credit cards and you can pay by paypal..!!!!


Can you pay credit cards bimonthly?

yes


I have some credit cards what will happen if I stop paying them.?

Please do not stop paying your credit cards back. You will destroy your credit score. It is devastating what can happen if you stop paying off your cards. Credit card companies will harass & chase you for up to 7 years if you do not pay. They can make your life hell. This happened to me. I did my best to always pay off everything I owed. I worked 3 jobs at one time to make sure i had enough money to pay my credit cards on time. But when I got divorced, one of the credit cards I shared with my husband did not get paid. He promised to pay it when we were together. And he was paying it. But when he left me, he took off & decided to not pay the card anymore. Even though the charges on the card were his, I was responsible for the bill (because it was my credit card) . The credit card company did not get tired of chasing me for 7 years. They were relentless with sending me bills, & threatening to take me to court if I did not pay them. They did & I had to pay back the $2,900.00 that my ex-husband did not pay back on my credit card. Fortunately, they did not charge me interest on top of that. This situation ruined my credit score for a few years. After the credit card company got their money back, my credit score slowly recovered but it took many years to recover from this.


Can you explain best way to pay off credit cards?

The single best way to pay off credit cards is to never carry a balance from month to month; the cumulative debt and interest may take years to pay down if only the minimum monthly payment is made.


Which is one way that credit cards differ from debit cards?

With a credit card, you pay later for something you buy.


Why did the inventor of credit cards invent credit cards?

Because he is too cheap to pay for tha actual thing


Are bank credit cards better or worse than credit union credit cards?

Credit Union credit cards are generally better than bank credit cards as they have a lower interest rate, enforced by federal law. Credit union bankers usually pay $20 for late fees and bank credit card owners can sometimes pay nearly double.