Tag: collectors
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Will debt collectors sue over a $3,000 credit card debt?
Debt collectors have many options for pursuing payment for old credit card debts — and lawsuits are one of them. Getty Images When debts accumulate and go unpaid, it can be tempting to ignore them and hope they eventually disappear. After all, if the debt is old enough, it will no longer impact your credit…
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Is it ever OK to ignore credit card debt collectors?
Ignoring your debt collectors can be tempting — but it’s typically the wrong approach to take. Getty Images With credit card interest rates sitting at historically high levels right now, millions of cardholders are struggling to pay off what they owe. After all, as the compounding interest charges rack up, it’s easy for even a…