Question

 How many people are sued over credit card debt yearly?

Answer At least 4.5 million debt collection lawsuits were filed in the United States in 2008. That figure is an average since not all states keep this statistic.SourceBoston Globe
http://www.answerbag.com/q_view/1766619

Top Q&A For: How many people are sued over credit card debt ...

How many people default on credit card debt yearly?

There is about $905.6 billion in outstanding credit card debt, according to data released in July 2009 by the Federal Reserve. Delinquencies longer than 30 days account for 5.5 percent of all credi... Read More »
http://www.answerbag.com/q_view/1792178

Can you be sued over a credit card debt?

A credit card company can sue you if you do not pay back your debt. A credit card company is more likely to sue you if you are more than 60 days late. If you have a cosigner on the account, the cre... Read More »
http://www.answerbag.com/q_view/1974022

What happens when you are sued over credit card debt?

If standard debt collection methods, such as letters and telephone calls, fail, a creditor has the right to file a lawsuit against the debtor. When a creditor wins a lawsuit, the court grants a jud... Read More »
http://www.answerbag.com/q_view/2014626

If I'm Being Sued for Credit Card Debt, Can My Credit Report Be Used Against Me?

A credit report compiles your payment history into four sections: negative accounts, positive accounts, public records and collections. The information contained in a credit report is vital because... Read More »
http://www.ehow.com/info_8508173_im-credit-report-used-against.html


feedback
loading