The answer lies in the statute of limitations, which is a legal timeframe that determines how long a lender or collection agency can take legal action against you for unpaid debts

Going over your credit limit can result in declined transactions, over-the-limit fees and a possible decrease in your credit score. Among the ways to avoid credit card fees is by setting up alerts that notify you if you’re approaching your credit limit, as well as making on-time payments and paying down your card balance as soon as possible.

It is not recommended to cancel your credit card even if you do not use it often. However, if it has a huge annual fee then you may want to reconsider

Fifth Third Bank's portfolio includes cash-back and secured credit cards, and even a charge card. But for some of those products, you'll need a relationship with the bank.

Credit card points and miles misconceptions—everyone has them, and we hear about them daily. In an effort to teach and dispel these misconceptions, let’s go over some of them. People Who Use Credit Cards are in Big Debt This could be true for some people who can’t control their spending.

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