What is the smallest amount of money a collector will sue for?

[tobee43]

backtoschool
I did some research on Asset Acceptance when they sued me, and they had lawsuits in my district for as little as $500. So, ymmv, but don't assume that the debt is too little for the creditor or a junk debt buyer to sue.

exactly...they don't care about amounts...and really 1k is a good sum for many add some fees and interest and it's now up to 3k!

[backtoschool]

a couple of little bits of info may be helpful to you....some or many of these places or cc companies will sue for any amount...mainly because they are at the court house anyway...usally with a pile of others so to them what does it matter....just another one...

now...the very worse scenario is they sue...they win....you have a judgment....i undersand in nc they cannot garnish wages...(which would take a sum of time anyway)...now assuming this all happens once you file bk....and get discharged your atty or you file a motion to vacate the judgments and they are wiped clean...so really there is no problem other than, some atty's charge a bit extra for to file the motions.

I totally agree with tobee43. Some junk debt buyers have in-house counsel that will file literally hundreds of lawsuits a week on the debt that they bought for pennies on the dollar. If they only end up collecting on a small percentage of the debts, they are still ahead since they sue for full principal balance plus collection and legal fees.

I did some research on Asset Acceptance when they sued me, and they had lawsuits in my district for as little as $500. So, ymmv, but don't assume that the debt is too little for the creditor or a junk debt buyer to sue.

[tobee43]

I keep reading about these lawsuits and judgements. Do all these collections agencies file. Some of the amounts have been relatively small $1,000 or so. Do they just sue no matter what? I am curious as I am trying to deal with debt one creditor at a time. When you are in a state that they can't garnish your wages is there a way to protect your bank account BEFORE they try to get it. I have been looking at NC law and I can't find a way to file an exemption BEFORE they come after your bank account. I am also still trying to find the website to find out if someone has filed against you--Everyone writes about it -but when I go to the gov sites I can't find where to look it up-Someone suggested I call the county clerks office to ask. I will probably try that.

a couple of little bits of info may be helpful to you....some or many of these places or cc companies will sue for any amount...mainly because they are at the court house anyway...usally with a pile of others so to them what does it matter....just another one...

now...the very worse scenario is they sue...they win....you have a judgment....i undersand in nc they cannot garnish wages...(which would take a sum of time anyway)...now assuming this all happens once you file bk....and get discharged your atty or you file a motion to vacate the judgments and they are wiped clean...so really there is no problem other than, some atty's charge a bit extra for to file the motions.

[lovemybugs10]

Were you able to find out how to view public records online?

The only way to protect the money in your account is to not put it in there. Try to go cash as much as possible. (we cant do paper checks, so we take almost everything out the day it's deposited)

We still take everything out even though I verify every day that no one has filed against us. I do not trust them. I do not trust that they wont try to get it by whatever means possible.

That's probably my motto- put my money under my mattress and assume every word a collector says is a lie.

[mrskal]

County clerk sounds right to me. Mine has it online I think. I dont know your whole story, but if it were me, I would take my money out of the bank accounts, until you file, I think they can fo after it. Never heard of a way to exempt something before you actually file.

[jbanks]

I keep reading about these lawsuits and judgements. Do all these collections agencies file. Some of the amounts have been relatively small $1,000 or so. Do they just sue no matter what? I am curious as I am trying to deal with debt one creditor at a time. When you are in a state that they can't garnish your wages is there a way to protect your bank account BEFORE they try to get it. I have been looking at NC law and I can't find a way to file an exemption BEFORE they come after your bank account. I am also still trying to find the website to find out if someone has filed against you--Everyone writes about it -but when I go to the gov sites I can't find where to look it up-Someone suggested I call the county clerks office to ask. I will probably try that.