I don't want anyone to seem as if I'm coming down on them. Don't take this post the wrong way, please.
There is much discussions/questions on the collections side of this board related to "how long before so-and-so" sues or sued.
If you search the threads, you will see that there is no set time limit, short or long. You cannot use one person's experience to measure against your own. There are too many variables.
The bottom line for all to think about is, "How much can you stomach potential judgments, wage/bank garnishments, etc?" I live 30 days to 30 days. I always assume that I can be served at any time. Alomost all of my accounts have charged off and many I have not paid for 18 months or so. I have multiple accounts with the same national creditors. Two of these are with in-state legal firms, and two of them I have no idea who the assignee is.
The in-state legal firm has yet to file (I check my state circuit court records once per week) suit and I'm not so sure they are inclined to. As HH stated in another post, I DV'd and requested a cease and desist telephone communications. I do believe ti shelps along with the fact that my credit reports show a serious problem with unsecured debt, judgments, CA's, etc.
In the end, it could be 15 days or another year from now, I expect to be sued. I have never tried to "anticipate" a timeline to suit. You can't know for certain. But you might want to try modelling your budget on the premise of a 25% wage garnishment. If you can't survive this, then I suggest it is time to file BK.
There is plenty of info on the web related to quick suits by CAP1, Chase, BOFA, etc. There is also plenty of information related to years passing with no suits from such creditors. If you are not paying your debt, then you are rolling the dice. As posted in a sticky, I once stated, "How much can you stomach?" If you owe the money, the chances are that somewhere, at some time, someone is coming for it.
Only you can know what your budget allows for in a worst-case scenario. Why not take this more proactive approach?
There is much discussions/questions on the collections side of this board related to "how long before so-and-so" sues or sued.
If you search the threads, you will see that there is no set time limit, short or long. You cannot use one person's experience to measure against your own. There are too many variables.
The bottom line for all to think about is, "How much can you stomach potential judgments, wage/bank garnishments, etc?" I live 30 days to 30 days. I always assume that I can be served at any time. Alomost all of my accounts have charged off and many I have not paid for 18 months or so. I have multiple accounts with the same national creditors. Two of these are with in-state legal firms, and two of them I have no idea who the assignee is.
The in-state legal firm has yet to file (I check my state circuit court records once per week) suit and I'm not so sure they are inclined to. As HH stated in another post, I DV'd and requested a cease and desist telephone communications. I do believe ti shelps along with the fact that my credit reports show a serious problem with unsecured debt, judgments, CA's, etc.
In the end, it could be 15 days or another year from now, I expect to be sued. I have never tried to "anticipate" a timeline to suit. You can't know for certain. But you might want to try modelling your budget on the premise of a 25% wage garnishment. If you can't survive this, then I suggest it is time to file BK.
There is plenty of info on the web related to quick suits by CAP1, Chase, BOFA, etc. There is also plenty of information related to years passing with no suits from such creditors. If you are not paying your debt, then you are rolling the dice. As posted in a sticky, I once stated, "How much can you stomach?" If you owe the money, the chances are that somewhere, at some time, someone is coming for it.
Only you can know what your budget allows for in a worst-case scenario. Why not take this more proactive approach?
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