What happens to unpaid credit card debt?

In some states, making another payment or even acknowledging that you owe the debt can cause the statute of limitations to begin anew. read more

Unpaid credit card debts may be tougher to collect if you leave the country. But there are still reasons you should pay up. read more

“If you can pay a debt that has newly gone into collections, you may be able to avoid damage to your credit report,” House says. “You typically have 30 days before the collection agency reports it to the credit bureaus.”. If you can’t pay it now, don’t ignore the collection notice, or you may be taken to court. read more