Ask Experts Questions for FREE Help !
Ask
    katherinedomask's Avatar
    katherinedomask Posts: 2, Reputation: 1
    New Member
     
    #1

    Jul 23, 2008, 08:56 AM
    Delinquent credit card payments
    Is it likely that a creditor will sue for amounts under 5,000?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
     
    #2

    Jul 23, 2008, 09:22 AM
    No, the don't sue, they go for a judgment against you to recoup their money. You will probably hear from some collection agencies first. They don't care what amount it is.
    farmgirlmo's Avatar
    farmgirlmo Posts: 107, Reputation: 2
    Junior Member
     
    #3

    Jul 25, 2008, 01:19 PM
    Quote Originally Posted by katherinedomask
    Is it likely that a creditor will sue for amounts under 5,000?

    Very likely.

    Going for a judgment is suing.

    If you'd like to share a few more details, I may be able to provide you with some information.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Fraud Charge & Credit card payments. [ 11 Answers ]

Hi everyone, I had been reading this site for a while now, and lately I had been in trouble with a so-called car rentel company in Vancouver, BC. To make the store short, I will just point form my stories: *I live in Edmonton, AB which is 10 hours drive away from Vancouver, BC *2006 Sept...

Making payments on a past due credit card [ 2 Answers ]

I owe a credit card company and the company has turned my account over to a law firm for collection. I have made a $25.00 payment to the law firm in each of the last three months. I sent them postal money orders. The law firm has now filed suit against me even though I made the monthly payments....

Credit card payments [ 2 Answers ]

Someone told me as long as you are trying and can only pay 10 or 15 dollars a month ,a credit card compnay can not sue you or garnish your wages, is this right ?

Making Credit card payments by phone [ 1 Answers ]

Hello, I don't know if this is the correct location for this (this is my first time posting), but hopefully someone can help me. I do the bookkeeping for a small medical practice. I handle all of the bill paying, purchasing etc. I went to pay a credit card statement by phone the other day, but...

Credit card payments [ 3 Answers ]

What of account should I make a credit card payment? Other expense I don't want the payment to show as an expense since I have classfield all the expenses that have been charged. I don't want it to be counted twice.


View more questions Search