You can sue a collection agency debt? Many people in the head with credit cards, auto loans and other bills as the answer to this question. Unfortunately, if you are behind the bill for the bill collection agency can take legal action in the judicial system.
But they must do so legally.
The Federal Trade Commission (FTC) has specific rules governing collection agencies. The Fair Debt> Collection Practices Act takes creditors to use, abusive, unfair or deceptive practices. These include violence or threat of harm, the publication of the name in a newspaper or online, misrepresenting the amount owed, which tells you be arrested if he does not pay, and contact you by mail.
Only companies that collect money on behalf of third parties are covered by this law. There are other rules concerning contact you. DebtCollectors can only call 8:00 to 9:00 can not call you at work unless you give written permission. That's all very well. That still leaves the question: "Can a credit card company to sue the debt?"
Unfortunately still have the recourse of going to court and obtain a ruling against him. At that point, can execute the statement and, potentially, to seize all assets, including bank accounts, automobiles, or even real estate. They can even garnish yourwages. You have a chance though.
You can negotiate the amount down. The collection agency may require you to pay a lump sum or may be less happy to get the amount of a certain period of time. If you can not negotiate successfully on your own, get help from a company to reduce debt.
Finally, the possibility of bankruptcy. At this point, none of your creditors may take legal action against him.
So, in summary, the answer to the question "Can a creditcard companies to sue for the debt? "yes.
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