I have heard that HSBC credit card company will sue. I presently owe them about $550.00. They offered a settlement and I would have loved to have taken them up on that but I didn't have the money at that time. Now they have turned me over to a "collection agency".. I called the collection agency and tried to work out a payment plan. . however, they wanted some money that particular day that I called. I had no money that day, but I was trying to make arrangement s for when I did get paid.