How much do you know about the statue of limitations on credit card debt? Credit card companies have specific rules and regulations that they must follow when it comes to collecting old debt. Even if you're not late with credit card payments right now, you should know as much as possible about these rules. A major medical incident, foreclosure of your home, or loss of your job can be devastating to your financial situation. When it comes to old debt, knowledge is power and the more you know right now, the more you can help yourself down the line if you hit financial trouble.
