amount for which companies will sue or pass judgement

Creditors take many things into consideration before they decide to sue anyone. They will review first how far have you been in your payments? If you have fallen behind for a couple of months and there is a hope of getting the money back, they may not take any legal actions. If you loan has a co-signor they will contact him to recover the money.

They will try to do a wage garnishment by contacting your place of work. They will also review if you are residing in a place for a long period of time. If you have been changing places regularly, there is a chance of legal actions.

If you are disabled or are above the age of 40, they will think if they can get money from you in any other way. If there is no scope of getting the money, they may take the actions.

Try to focus on the other avenues by which you can do some repair to your present situation. Make the minimum payments to all your debt accounts. If you can get a second job, it will be helpful for you at the present times. Let your creditors understand that you are willing to pay the debt, but if they can give you some time, you will pay off the complete amount.

If there is no chance of getting the money from you, then only they might think to sue you in civil court for nonpayment. They can also report this non payment of your debt to the credit bureaus and this derogatory remark will stay in your file for a period of seven years tarnishing your credit.