Legal Question in Credit and Debt Law in California

Debt collections

If a creditor has turned over a debt to a collections agency and the collections agency says that they won't settle for a percentage of the balance and nor will the creditor, could/would the creditor sue for the full amount? Is it likely or common for a creditor to take legal action instead of setteling? Creditor is AMEX


Asked on 12/12/07, 2:03 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Debt collections

Absolutely! Not only will it sue for the full amount, but interest accrues at the agreed rate, plus it will tack on hefty attorneys' fees, as well.

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Answered on 12/12/07, 2:26 pm


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