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Most time's it's not Discover that will persue the debt. It's a agency they have sold the account to. It's often a different party that comes after you. Once you've told the persuing company to not call you, by law they can't call back. * Yes. Capital One and Discover both have "inside house" collectors and collection attorney firms on contract. It is not unusual for either one to file a lawsuit regardless of the amount owed, especially if the debtor is employed. The firm they generally use is Mann-Bracken, a law firm that is licensed to arbitrate under UCC laws.
What else can I help you with?
Can a collection agency sue for unpaid credit card debt?
yes
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the country where the debt was incurred?
Yes
How long before credit card company sues for nonpayment?
Generally, it will sue (or sell the debt to someone who will sue) within the statute of limitations for suing on a credit card debt in your state. This is often 5 years, but it can be less or more.
What will happen if you have credit card debt of 90000 from one credit card company and there is a possibility the company may sue you?
I doubt seriously anybody on earth has a $90k limit on their CC's - even if the debt is 50 cents, they can sue you for the balance. You borrowed the money and promised to pay it back ... you don't pay, they sue. Simple as that.
What is the Statute of Limitation period for a credit card debt in Ontario?
For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the state where the debt was incurred?
Yes. Moving does not eliminate your legal obligations. If you could, you would not be able to use a credit card outside the state you live in.
Would a Credit Card Company really sue you over a 1200 debt?
Yes, they will send you to collections for that amount.
If you sue someone for charges they make on your credit card do they have to pay you or the company?
The person pays the card holder. The card holder is totally responsible for repayment of debt to the lending institution.
Can a credit card company sue you after four late payments?
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.
Can you be sued in nc for bad credit card debt?
Sure you can be sued. Any debt collector may sue you for amounts owed under a debt they have purchased from your original creditor. They can pursue a judgment, which is a court order to repay the debt. You may wish to check with a licensed attorney, since North Carolina has some restrictions on garnishments that other states may allow.
Can discover sue you for unpaid balance on your acct?
Yes, Discover can sue you for an unpaid balance on your account. If you fail to pay your credit card bill, they may pursue legal action to recover the debt, which could result in a lawsuit. If they win the case, they may be able to garnish your wages or place a lien on your property to collect the owed amount. It's important to communicate with them to explore options before the situation escalates to legal action.
