What are the maximum damages that can be awarded in a debt collection lawsuit?

Answer by  audiocupcakes (346)

It depends. If the lawsuit is under $5,000 then it is considered a civil and you can collect only $5,000. Over $5,000 is a felony and can be collected.

Answer by  epglaw (553)

It depends upon the court the lawsuit is filed in. Small claims is normally no more than $2,500. A county court does not have a monetary limit.

Answer by  fishlover49 (643)

State laws dictate the maximum dollar amount for damages that can be awarded in a debt collection lawsuit. It would be best to contact a local debt attourney and ask them as they can help with the specifics of the case. I do know that the dollar amount you owe is at least what you will pay

Answer by  angiem1981 (1059)

This depends on the type of damages in which is being sought and if it is a collection agency or individual suing. There are certain limits in some states such as what is owed, etc. the individual can also be sued for collection costs, retention of an attorney, and/or any damages that may have occured as a result of the debt.