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Yes. Once a contract has been defaulted upon the lender can take whatever action allowed under the laws of the debtor's state to collect the debt. It is unlikely the lender will sue as long as the debtor continues to pay unless the amount is only a token one, for example $10.00. The account balance will continue to mount significantly due to penalties and interests even though the account has been closed, resulting in an even larger debt.

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โˆ™ 2006-06-07 19:02:02
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Q: Can someone be sued if they have a credit card with a 20000 debt and they close the card and they are making payments but the payments are less than the monthly minimum?
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