Likelihood of getting sued
Date: Mon, 08/10/2009 - 20:44
I wrote out my whole story, then decided against posting it. Reading it just made me feel defeated, and kind of humiliated...I hate feeling like there's a bounty on my head.
My question is, do collection agencies consider a person's assets when they decide whether or not to sue? For example, if a person doesn't own a car, or property or have any cash (unemployed)...would little potential of recovering the debt or legal fees be a factor in deterring a lawsuit?
Thank you for your help in advance!
My question is, do collection agencies consider a person's assets when they decide whether or not to sue? For example, if a person doesn't own a car, or property or have any cash (unemployed)...would little potential of recovering the debt or legal fees be a factor in deterring a lawsuit?
Thank you for your help in advance!
Yes these do go into account before a suit is filed but the most
Yes these do go into account before a suit is filed but the most important this is your age. If you are below the age of 50 you are considered to still have the chance to get a job and get on your feet when the CA will bounce out of the shadows to re-show you the judgment they have with added interest. If you are over 50 and living on Social Security with no assets you should be fine.
