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
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.