Can a credit card company sue you?

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WalletHub, Financial Company

@WalletHub • 02/04/20 This answer was first published on 10/04/16 and it was last updated on 02/04/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Credit card companies, and the debt collection agencies that often assume old debt, can and will sue you for amounts owed. In fact, they aren’t legally allowed to threaten a lawsuit if they do not plan to go through with it.

You can find out more from our article here.

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John C Brandy, Financial Consultant (Hourly)

@brandyjc • 10/03/16 This answer was first published on 10/03/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Sure. If they feel it's worth it because you owe a lot and they think they have a good chance of getting some. It doesn't mean they would win, just that they've weighed the odds and decided it was worthwhile.

If you've declared bankruptcy, then something similar might be happening, but you have other issues, so you would need to prioritize there as well.

Ten years from now, you'll laugh about this. I hope.

Disclaimer: I'm not an attorney or a CPA, and you might need one. What I do is help people with their eventual non-working future.

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And I give customers the same professional tools that are usually limited to the yacht-owner crowd.

Happy to help more if you'd like to know more - I made my company so that everyone could have quality advice, not just those who already have a pile of money.

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