Re: Opinions please
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Posted by Fenrir
(148.129.74.43) on September 23, 2003 at 14:40:06:
In Reply to: Opinions please posted by down and out on September 23, 2003 at 13:47:37:
There are a number of factors at play here: Do you own any assets (cars, boats, stocks, etc.)? Do you own a home or do you rent? What about your job, high income or low income? Do you have any other charge-offs? What is your standing on your other accts.? In order for a creditor to sue, they need to be able to collect on the judgment. That's why the CAs (and OCs) will periodically make inquiries to see if you have anything. If you apply for a mortgage or car loan, they will think that you have money and they will most likely come after you.
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