When and how: lawsuit by c/t card company

That is a heck of a lot of questions there.Ok first thing most do is make an attempt at either inhouse or outside collections.This will happen usually 60 days past due on up to chargeoff date. Most creditors look at you personally to see if you are worth the time and money required in a suit. Some collection attornies sue anybody and everybody. I am sure you can be found in Canada or Europe since credit bureaus have offices there and will take steps to ensure your report would follow you. I am unsure of garnishment proceedings on a international level so you may need to research that with an attorney.

Do you know how they decide on whether you are worth the time and money for a lawsuit?

Most of that is done via skiptracing and pulling your credit report.

I am sorry for all these questions, but what is skiptracing? Is there a minimum amount that they will go after?

Skiptracing is a manner of finding who you are,where you are,and if you have assets that can be taken in a court action using databases of public records and other directories. The more attractive you are,the better chance that they will proceed after you.

Sometimes the collectors don't have any phone numbers to contact the people. By doing skip tracing and looking for different phone numbers where you can be reached, they find a way to contact you. Collectors skip trace when they receive an account with no phone number, or if the number is disconnected, someone living in an old address, or a vague reference to a place of employment.