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cline85 · Mar 25, 2010, 08:25 AM

In 2007 I had a credit card with chase bank. I owed like 900.00 on it I have not made a payment on it since then 3 years ago. Can they come after for that little amount owed?

Curlyben · Mar 25, 2010, 08:25 AM

They can sue you for any outstanding amount.

cline85 · Mar 25, 2010, 08:49 AM

And how do u know this

Curlyben · Mar 25, 2010, 11:18 AM

I specialise in UK Consumer Law.
The same is true in USA and Canada as well.

Fr_Chuck · Mar 25, 2010, 03:19 PM

They may sue for only a dollar owed, it is their legal right if a person is a dead beat and does not pay their bills.

They will often sue and get a judgement now to protect their rights to collect latter, if they wait for the SOL to run out, then they can't sue, but by doing it before the SOL,

All of these compaies have attorney on staff who can easily do the paper work,
Some of the issues, are there enough people within a local area to be worth an attorney doing a court appearance. So they can wait over a few years and when they file in one court, file several at one time.

In other cases they will merely sell the debt to another company who will file the suit

ScottGem · Mar 25, 2010, 05:14 PM

Um, why would you think they could not sue? Its possible a creditor might not sue for a small amount because it would cost more than its worth to collect. But a $900 balance 3 years ago may have tripled by now with interest and attorney fees. There are no laws that require a minimum amount owed before allowing a suit. If that were the case people would take out debts in small amounts and never pay it back.

cline85 · Mar 26, 2010, 06:29 AM

Well because its been that long ago and I haven't heard anything else about it since

J_9 · Mar 26, 2010, 06:46 AM

Originally Posted by cline85

in 2007 i had a credit card with chase bank. i owed like 900.00 on it i have not made a payment on it since then 3 years ago. can they come after for that little amount owed?

They can sue for that amount +interest. It doesn't matter if it is $900 or $9. It's money borrowed and money owed.

JudyKayTee · Mar 27, 2010, 06:26 AM

- And let's not forget those pesky Court and Attorney fees!

ScottGem · Mar 27, 2010, 07:04 AM

Originally Posted by cline85

well because its been that long ago and i havent heard anything else about it since

2007 is not that long ago. Most Statute of Limitation laws allow 4 years or more for credit card debt. Also that wasn't your question, you asked if they could "come after you for that little amount". A debt never expires, if you owe money they can come after you for as long as they want. Doesn't matter how little the amount.

The only thing the amount of time affects is whether they can take legal action to recover the debt.

cline85 · Mar 29, 2010, 09:25 AM

So how do I know if they do decide to sue, how would I know that?

JudyKayTee · Mar 29, 2010, 09:27 AM

You'll be served with legal papers - undoubtedly a summons and complaint.

cline85 · Mar 30, 2010, 12:58 PM

So I just need to set up payments with them pretty much.

this8384 · Mar 30, 2010, 02:30 PM

Originally Posted by cline85

so i just need to set up payments with them pretty much.

That would be your best option. Ignoring it means more late fees, more interest, etc. And if it goes to court, they may be awarded court fees and/or attorney fees, depending on your state.

If you set up a payment arrangement with them, they may even waive some of the fees.