Re: CAs not calling anymore

Posted by JKelly (68.163.2.72) on August 06, 2004 at 12:55:57:

In Reply to: Re: CAs not calling anymore posted by anon on August 06, 2004 at 12:39:53:

They probably either sold the account to another CA, or sent it back to the original creditor as uncollectible.

Remember, they can't do anything unless they get a judgment against you, and to do that they have to spend the money to hire an attorney in your state, and spend money on the filing fees.

For now, things are quiet. Nothing to worry about. You are talking about 7 cards, probably not real high balances. I don't think anyone will sue unless they are sure they can collect.

80% of judgments ago uncollected. So, CAs tend not to sue for small amounts unless they are pretty sure you have assets they can seize.

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