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Seventy million Americans struggle with debt in collections status according to a study by the Consumer Financial Protection Bureau. So, if you have past-due credit card debt of your own, it might comfort you to know that youre not alone.
Despite the fact that having debt in collections is somewhat common, it could still trigger unpleasant consequences. If you default on your credit card debt and are unable or unwilling to work out an arrangement with your credit card company, you risk being on the receiving end of a debt collection lawsuit.
Getting sued by a creditor or colle…
Read the full article at: https://www.forbes.com/advisor/credit-cards/what-to-do-when-you-get-sued-for-credit-card-debt/
