Will a Creditor Sue?

Answer Credit card companies and other types of creditors are entitled to receive what you owe them. Defaulting on your bills damages your credit score, after which it becomes difficult to get credit. Wha... Read More »

Top Q&A For: Will a Creditor Sue

Can I Sue a Creditor for Usury?

Usury occurs when a bank or other financial institution loans money to a consumer or business with an illegally high interest rate. Usury is illegal in almost all commercial and consumer-related in... Read More »

What Does a Charge-Off Mean for a Creditor?

A creditor records the loans it provides to borrowers as assets and lists them under accounts receivable. The creditor checks these accounts to determine whether the borrower is making payments. If... Read More »

Is It Better to Pay Your Debt Off Through a Creditor?

Paying off a debt through the original creditor is usually a good idea but often is not possible. For example, the original creditor may refuse to accept payment for a delinquent account it has alr... Read More »

How do I add a creditor in bankruptcy?

Visit your local bankruptcy court immediately if you realize you forgot to list a creditor in your case. If you hired an attorney to represent your financial interests, call him and advise him of y... Read More »