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Is a dept collector likely to take you to court?

I have 1 credit card from capital one I have been consistantly paying on for 6 years! The balance was 2000 and now is at 900. I can't afford to pay on this anymore. I've already given them thousands of dollars. I am thinking of letting it go to collections. I already have two jobs and have tried consumer credit counciling. I need to know if it's likey they will take me to court over such a low amount? Anyone have any experience with this?

Asked By: Rachel - 10/4/2011
Best Answer - Chosen by Asker
Great Question, more people should be asking this... More
Answered By: chris3fike - 10/4/2011
Additional Answers (4)
They likely will not. However, if you express to them that you cannot pay this amount, but are willing to pay a lower amount, you may get them t to reduce the debt and offer a settlement - sometimes less than half the debt.
Answered By: Gerry S - 10/4/2011
 
Usually a debt collector will only take a debtor to court if it's for a really high amount. If they took you to court, they'd be wasting more time and money taking you to court than the $900, so take Gerry's advice. But, this is why you don't use credit cards. If you can't afford something, just don't buy it.
Answered By: Sans Deity - 10/4/2011
 
They will have to file suit to get a judgment against you. If you are working two jobs, they will be able to garnish your wages, so don't let it go to court.
Answered By: regerugged - 10/4/2011
 
In many places a comp will file hundreds of cases at one time and with one attorney in the small claims court, get judgments on all of them. Then they pursue them electronically so there overhead ends there. At court they will have added interest and penalties and court costs. So, the comp will go after you in some... More
Answered By: Tish - 10/4/2011
 
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