Real Answers for Life’s Money Challenges
I have some old credit card debt.
Its enough to seriously strain my finances, but not enough to get loan consolidation.
I have been trying to pay two individual card companies even though the accounts are closed.
I really cant afford it.
These debts range from $500 to about $1,500.
What will actually happen if I just stop paying old debts on closed accounts?
As you look into routes for dealing with debt,non-payment is one option to weigh alongside the rest.
Heard of These Credit Card Debt Tips?
But millions of Americans overlookthese easy tipsthat could help them manage credit card debt even more wisely.
Read moreto boost your credit knowledge and keep your credit score in check.
Its also true that activity on the account resets that statute of limitations.
In most states, the clock starts on the date of your last payment.
And if youre hoping to ride out the statute of limitations, you cant make a payment.
it’s possible for you to take steps to protect andrebuild your credit scorein the meantime.
