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

    Nov 4, 2007, 04:42 PM
    Repay debt
    Is an 80 year old retiree obligated to repay a 20 year old credit card debt?
    lobrobster's Avatar
    lobrobster Posts: 208, Reputation: 26
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    #2

    Nov 4, 2007, 05:23 PM
    Quote Originally Posted by deaddebt
    Is an 80 year old retiree obligated to repay a 20 year old credit card debt?
    I don't see why not.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    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.
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