deaddebt
Nov 4, 2007, 04:42 PM
Is an 80 year old retiree obligated to repay a 20 year old credit card debt?
lobrobster
Nov 4, 2007, 05:23 PM
Is an 80 year old retiree obligated to repay a 20 year old credit card debt?
I don't see why not.
ScottGem
Nov 4, 2007, 05:27 PM
When a person obtains a credit card, they promise to reimburse the card issue for any funds they lay out on their behalf. Unless one declares bankruptcy, that promise never expires.
So the answer is yes.