Oregon Court of Appeals says consumers with unpaid credit-card debt aren’t off …
News from OregonLive.com:

A man who was taking part in a ring of thieves that was ‘skimming’ credit card numbers at gas stations was sentenced in Portland today.

Oregonians with old credit-card debt may have thought the coast was clear when years passed and the lawyers didn’t come knocking, but the Oregon Court of Appeals says not so fast.

In three rulings this month, the higher court said that debt collectors can sue delinquent credit-card holders for up to six years after the credit-card charges are racked up. In doing so, the higher court overturned rulings by a pair of Clackamas and Washington county judges who said collectors had no more than three years to sue consumers for unpaid credit-card debt.

The Court of Appeals’ rulings don’t affect every consumer with aging debt, but the rulings could affect wide swaths of Oregonians who have agreements with banks, such as Chase, that are based in Delaware, New Hampshire or other states with three-year statute of limitations. Oregon’s statute of limitations is six years, and that — and not statute of limitations in the states where th…………… continues on OregonLive.com

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Kylie wants to cut her credit card debts once and for all
News from Winnipeg Free Press:

Kylie is throwing down the gauntlet, challenging herself to pay off her credit card debt by the end of the year.

The 25-year-old clerical worker has about $ 3,300 in credit card debt, accumulated over about a year-and-a-half.

One card’s balance is about $ 2,300 at 3.9 per cent. She has nine months remaining until the introductory rate ends and increases to the usual 18.5 per cent.

Her other credit card carries a 19 per cent interest rate.

But Kylie also has a consolidation loan of about $ 14,500 at four per cent interest, co-signed by her parents.

She pays $ 477 a month on the loan, debt accumulated from buying a car, student loans and previous credit card balances.

“My new debts are from spending too much money,” she says.

“I think I have a spending problem, which I’m trying to curb.”

Kylie earns $ 30,000 a year and takes home $ 1,772 a month. She rents a place with roommates and rarely goes out on the town. She says she’s stopped using the credit cards and only uses her debit card for expenses.

“I want to wipe my debt out,” she says. “Once I can get rid of that, I can start putting money away and pay off my loan faster, too, but it’s those cards that are standing in my way.”

Yvonne Neu, a debt counsellor with Community Financial Counselling Services, says Kylie has little wiggle room in her budget, so sh…………… continues on Winnipeg Free Press

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