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Can a credit card company sue you if they wrote you off?

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Wiki User
2005-10-15 15:46:43
2005-10-15 15:46:43

Yes, they can still sue you even if they have written off the debt as long as they file a lawsuit before the statute of limitations expires. Writing off the debt allows them to take a loss for tax purposes. If they do sue and collect from you, they have to report it as new income.

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