artis asked:


My father in-law has incurable cancer, and outstanding credit card debt of about $55K. Can the credit card companies sue his estate or children to collect the outstanding balances on his accounts once he passes away?

Louis

CutieTM asked:


I have been told that to make my credit score higher, I need to reduce my credit card debt to 40% of the limit of the card. I was told that the card debt only begins hurting you when you go above that 40% of the limit of the card.

I just read somewhere else that going above 20% begins to HURT your credit score. Which is it?

Beth

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.

Sam

Yogiandbooboo asked:


I have no credit card debt but a few credit cards that are open I never intend on using. Is there any way I can close these accounts without hurting my credit? I do not like the idea of having open credit card accounts, for fear of theft of these numbers.

Tony