being sued
Date: Thu, 05/27/2010 - 12:28
It is very common and is becoming more common. However, there i
It is very common and is becoming more common. However, there is no way to put a percentage on it. Certain creditors sue more frequently than others.
Quote:Originally Posted by SOAPLADYIt is very common and is beco
Quote:
Originally Posted by SOAPLADY It is very common and is becoming more common. However, there is no way to put a percentage on it. Certain creditors sue more frequently than others. |
How long before a cc company sues generally?
Quote:Originally Posted by AnonymousHow long before a cc company
Quote:
Originally Posted by Anonymous How long before a cc company sues generally? |
In my case, it took them about a year since my last payment.
I had (have) a debt with citibank, and Zwicker are the ones trying to collect the $ from me.
Check my post for the full story
http://www.debtconsolidationcare.com/forums/showthread.php?p=704069#post704069
I came across an article about delinquent credit cards and that
I came across an article about delinquent credit cards and that article stated they only sue about 10% of the time. Which considering the number of cards out there it may seem like a lot of people are getting sued, but I settled my cards and no one has sued me but other people on the forum have been sued but their situations were different than mine.
I think some of the keys to getting sued are that you have a stable income that they can garnish or assets they can attach to through judgement for a long period of time. If you are self employed for instance, I think your chances are lower. I also think if they feel it is a strategic default as opposed to a real reason you are more likely to get sued.
