"How Often Do Credit Card Companies Sue For Non Payment"
When it comes to financial responsibility, credit card companies are always looking for the best way to receive payments on time. One of the most extreme measures they take when a consumer is delinquent with their payments is to sue them for non-payment. While this may seem like an intimidating prospect, there are steps consumers can take to ensure that this does not happen.
So how often do credit card companies actually sue for non-payment? The truth is, it depends on each individual case and the amount of debt owed. Generally speaking though, creditors will typically only resort to legal action if all other means of collection have failed, such as phone calls and letters. In many cases, creditors will come up with payment plans or settlement offers before taking any legal action in order to avoid costly court proceedings.
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