Question by  traceytracey (33)

Will a debt collector sue me for $200?


Answer by  YourMoneyAnswerGal (654)

The debt collector's power is in his power to place a black mark on your credit. He could sue you but may decide marking your credit is easier.


Answer by  Elizabeth73 (292)

You may be sued by a collection agency for any amount of money however a collection agency makes their profit from the money which you pay therefor they will often buy larger debts before they will buy a smaller debt such as $200. There is always some agency however that will pick up that bill and take steps to collect.


Answer by  tamarawilhite (17883)

Legally, they can. However, it is not worthwhile to do so unless there is interest and penalties attached to the debt.


Answer by  Repojoe (15)

The cost to file a suit may not be worth it. For small balances they will usually write balance off as a loss and sell to a third party collector or report on your credit bureau. Most large purchases require you clear up these small balances before approval. (i. E. Mortgage, car loan) Try requesting a settlement.


Answer by  AB (80)

Most likely, they will not sue you. It would cost far more than 200 dollars for court costs and lawyer fees, so it would not be worth it for them to pursue you.


Answer by  jon6 (488)

No. They will leave it on your credit report and keep calling and mailing you. If you send or fax them a letter stating your not going to pay and not to contact you any more, they have to leave you alone. Then they will sell your debt to a different collector. The new collector will start the process over.


Answer by  karenkay (343)

Debt collectors do not sue the people they are trying to collect debt from, but they do try to collect debts, even debts as small as $200.


Answer by  cindy1645 (128)

A debtor probably would not sure for only $200, due to attorney costs involved, but they will probably turn you in for collection to the credit bureau, which will remain on your credit report until resolved. This would affect any credit that you may apply for in the meantime.


Answer by  Mary (2095)

This is a likely possibility, because it does not cost much to sue for small amounts. It is also very easy to get a judgment in their favor.

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