Can a Credit Card Company sue me if I don’t pay my debt ?
Yes, a credit card company can sue you if you don’t pay your debt.
They can also stop doing business with you and they can also report you to one or all of the credit reporting agencies or credit bureaus.
You do have rights. Here is the direct link to the FTC:
http://www.ftc.gov/bcp/menus/consumer/credit.shtm
Make sure you are aware of your rights as a consumer.
Back to the question of Can a credit card company sue you if you default… its not really important to know if they “CAN” sue you… its more important to know if they are likely to sue you…
As you probably know, in the past, most cases did not go down this route… but, with bankruptcy reform that clearly harms the American Consumer… many more defaults may end up in court. However, not enough time has passed to fully see the results of this harmful law.
You should do your best to pay your debts. Calling the credit card company before its sold to a collection agency is also usually a good idea, since the credit card company historically only got ten cents on the dollar for unsecured (credit card) debt.
If you are getting sued, you should contact an attorney immediately.
ManDrake