How To Pay Off Your Credit Cards

Marianna asked:


I don’t care about interest rates, because I intend to pay the card fully every month. I am someone with “no credit,” because I have never believed in debt, and I am not eligible for unsecured cards. I am starting to realize that I have to build some credit in order to one day buy a house. I have plenty of money to (modestly but comfortably) live on and don’t actually need to borrow. I just don’t want to pay a lot of money for the privelege (?!) of having a secured card.

Stephen S asked:


I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80’s or early 90’s. Thanks.