Asked in Credit and Debit CardsDebt CollectionCredit
Can a credit card company sue you after four late payments?
January 25, 2008 3:58PM
Technically they could, but it's rare. Most creditors won't bother to sue until after the account has been charged off (written off as a bad debt) after 6 months of non-payment. Some creditors will sue right after charge-off, others will go thru numerous collection agencies or just sell off the debt to a junk debt buyer, who might sue you at some point.
In-house collections are notorious for threatening to sue if you're late on payments, but it's unlikely they will do so, it's a scare tactic.