Legal Question in Credit and Debt Law in Minnesota

Re: credit card dept

Depending on amount, they could sue and collect a judgment, via garnishment and execution.

Also, some CC companies require arbitration which is faster for them getting a judgment against you.

They will frequently negotiate, especially if you have little income or assets to collect from.

Re: credit card dept

As an attorney with experience in the representation of unsecured creditors, eventually your account may be forwarded to either an internal or external collections department or law firm. In some cases, if you have a lot of credit card debt, bankruptcy is a good option. Feel free to contact me to discuss.

Disclaimer: The information presented should not be construed to be formal legal advice or the formation of a lawyer/client relationship.