Is there a certain amount you owe that a collection company will sure you for?

Question

Is there a certain amount you owe that a collection company will sure you for?

Answer 1

It depends on many factors, but more and more creditors are going to small claims court for smaller amounts.

Answer 2

It depends on a lot of factors.

Do they think you have the money to pay? Is the debt recoverable in court, or is it time-barred by the statute of limitations? Do they have the documents to prove they own the debt? How much did they pay the creditor for the debt? Are they busy?

Some will just file suit to see if you fail to answer the complaint, in order to try to get a default judgment against you. If the amount is, say, over $1000, they might come after you hard if it is within the SOL.

But I have seen people get sued for much less than $1000, and I have seen debts much more than $1000 expire without so much as a whimper from the CA.

Answer 3

If the creditor wants the money they will sue you for one buck!