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Will a creditor sue for a credit card debt under 10 thousand dollars?
Wiki User
∙ 19y ago
The amount of debt is not always the deciding factor for a lawsuit. The probability of being able to collect a judgment, the cost in time and money to go to court. And if court and legal fees are recoverable are the bigger factors The more unexempt assets a consumer has, the more likely they will be sued. Particulary if a wage a wage garnishment order can be obtained. Many states do not allow credit card suits to be brought in Small Claims. That is why smaller amounts are sometimes just written off.
Wiki User
∙ 19y ago
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How can you remove a late fee from your credit report if you are caught up with your payments?
Your creditor and the credit bureau are the only ones that can remove late payments. Try contacting your creditor and see if they will do it under goodwill, they sometimes will. You can also dispute it to the credit bureaus and see if they will remove it that way.
Can a debt to a foreign creditor be reported to a US credit bureau?
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
Can loan company you have borrowed from check your credit repeatedly?
Yes, an existing and ongoing business relationship gives a creditor a legal reason under the Fair Credit Reporting Act to inquire into your credit. This is called a legally "permissable purpose".
In New Jersey can your wages be garnished for unpaid credit card debt?
Yes, if the creditor wins a lawsuit against the debtor, the creditor will receive a judgment and the judgment can be executed as a wage garnishment or bank account levy or other remedies allowed under the laws of the state.
Will cancelled credit card debt be reported on a credit report?
It should. * Yes, and the debtor will receive a 1099C from the creditor, the amount shown on the form is considered taxable income under IRS rules and must be reported on the debtor's tax return as such.
Can a creditor file a Civil Suit for medical bills under five thousand dollars?
yes they can
How can you remove a late fee from your credit report if you are caught up with your payments?
Your creditor and the credit bureau are the only ones that can remove late payments. Try contacting your creditor and see if they will do it under goodwill, they sometimes will. You can also dispute it to the credit bureaus and see if they will remove it that way.
Can a debt to a foreign creditor be reported to a US credit bureau?
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
Is it still considered grand theft if the value of a car is under a thousand dollars?
yes
Can loan company you have borrowed from check your credit repeatedly?
Yes, an existing and ongoing business relationship gives a creditor a legal reason under the Fair Credit Reporting Act to inquire into your credit. This is called a legally "permissable purpose".
Where can you find a car under one thousand dollars?
Have your parents buy you one, then pay them back only a thousand dollars! Or come see my grandpa Melvin up in Bismark, ND. He can give you a car for five hundred dollars!
Is it legal to charge customers for credit card expenses under five dollars?
Yes, the credit card business is a very serious business.
Where can I find cheap pre-owned cars for under five thousand dollars?
There are many resources for finding pre-owned cars in your area. Auto-trader is a very good resource for this particular task. Finding a car for under five thousand dollars is pretty difficult.
In New Jersey can your wages be garnished for unpaid credit card debt?
Yes, if the creditor wins a lawsuit against the debtor, the creditor will receive a judgment and the judgment can be executed as a wage garnishment or bank account levy or other remedies allowed under the laws of the state.
Will cancelled credit card debt be reported on a credit report?
It should. * Yes, and the debtor will receive a 1099C from the creditor, the amount shown on the form is considered taxable income under IRS rules and must be reported on the debtor's tax return as such.
Who should I buy a car from that is less than ten thousand dollars?
A nice but affordable car to drive to college you buy from that is less than ten thousand dollars is very simple. Best deals on used vehicles under $10000.
What is that new car that cost under nine thousand dollars?
The new car that costs under nine thousand dollars is the popular Hyundai Excel. While not a new car in brand name, the vehicle has seen plenty of upgrades over the years. This includes a larger body, as well more features.
