What does credit card companies have to do with Americas debt?

Average credit card debt per household with credit card debt: $15,788* 609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of...

Usually yes - they'd rather suspend an account and have it paid off at a few pounds a week than go through taking a debtor to court.

as long as it remains a part of your credit report, 7 years.

any amount due them

If a creditor/lender obtains a writ of judgment from the court in the state where the debtor resides, said judgment can be executed against real and personal property belonging to the debtor. In...