Ask Experts Questions for FREE Help !
Ask
    JackWolf's Avatar
    JackWolf Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Apr 19, 2007, 12:16 PM
    When does a collection agency decide to sue
    Hi,

    I have run up some credit card debt that I can't pay.

    A collection agency has contacted me.

    The amount of the debt is about $6000.00.

    Besides letters and phone calls at what point should I be worried about getting sued?

    This happened to me in my youth and I pretty much blew everyone off without any adverse effects meaning I got a regular mortgage from a big bank and new credit cards after several years.

    Thanks,

    JackWolf
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
    Ultra Member
    		  
    #2

    Apr 19, 2007, 12:48 PM
    How old is the debt?

    After a certain point they can't sue unless a lawyer has been handling the case since the beginning and has kept the statute of limitations from expiring.
    Matt3046's Avatar
    Matt3046 Posts: 831, Reputation: 128
    Senior Member
    		  
    #3

    Apr 19, 2007, 12:51 PM
    For a single debt of 6000$ they will almost certainly sue. Just get a lawyer and maybe they will settle for less. They won't wait more than a few months.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #4

    Apr 19, 2007, 12:57 PM
    They will most likely try and collect though their collections if you are making some payments till the Statue of limitation is getting close to the end. At that point they will sue to get a judgement so they can continue to collect. If you are not working with them, they most likely will sue so they can garnish your pay check
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!

Collection Agency [ 7 Answers ]

I was contacted by a collection agency a few months ago about a debt for an emergency room visit. I told them I had not received any bills, and that I would try to apply for charity care. Two months later they called back. I told the woman I was speaking to that I would like a copy of the bill...

Collection Agency [ 16 Answers ]

I am in Alberta, Canada and my question is: Can a collection agency legally come after you if the alleged amount owing has never been disclosed to you, neither orally or on paper by the person who put the account with the collection agency? I have never received a bill or invoice from this...

Collection agency [ 1 Answers ]

Can a collection agency add interest to my debt in New York State?

Summons from Collection Agency [ 2 Answers ]

I received a summons this weekend from a collection agency. It is for a credit card debt of $2,000. I was advised to appear in court 30 days from the date on the summons which is January 25, 2007. I had resumed payment of this credit card in December, when the summons was filed, after not...

What to say to collection agency? [ 1 Answers ]

Book Antiqua1blue My question is probably a common knowledge question, however not for me. About 2 years ago an ex-girlfriend (of Course) and I went into a jewelry store that my ex-girlfriends best friends mom worked. We found a ring of course that total was around $1200.00. I put 25% down. At...

View more questions Search