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    smirguet's Avatar
    smirguet Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 13, 2009, 04:08 AM
    Credit card debts in Australia?
    Hello. Would like to know how credit card debts in Australia are handled after a period? If the debt is not resolved, does it stay in files? Do they keep chasing you or does it get cancelled over a period?:rolleyes:
    Thanks to anyone who can help with this important matter!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Dec 13, 2009, 06:49 AM

    Debts are NEVER cancelled. They may be charged off (which is a tax maneuver), they may be sold, many times. But the only way to cancel a debt is to pay it off, either in full or for some settled amount.
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