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I spent a few hours today reading old postings on this forum. I ran across many cases where people hadn't paid on their accounts (not specified if it was credit cards or payday loans though) in 6-12 months and were now looking for a settlement company to handle the old debt. How is it they were able to not pay for that long and not be sued? That is my biggest concern.

Each creditor has their own criteria for determining whether to file a lawsuit. Some creditors are more aggressive than others, and some accounts (based on whatever internal criteria they look at) are more worth suing on than others. Basically, it's a lot of trouble and expense to sue someone, so if they are going to do that, they want to think that they have a reasonable chance of winning and collecting.

Sub: #1 posted on Sun, 08/03/2008 - 15:05

alias1958 alias1958

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