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Can a creditor sue me over not paying off bank after 4 years?
He was extremely rude i mean i played him told him i was homeless which im not. But he said he said when they take me to court its going be hard for me to get another job and when you do get a job they will pretty much take my paycheck. I didnt like that bank and my card was stolen thats why i didnt want them because they refuse to accept my affidavit. His last words was see me in court... do people told me he is just blowing out air not worry about it it will eventually fall off so i dont know?
3 Answers
- YetiLv 77 years ago
Not enough information about what happened. If your card was stolen with somebody else using it, it was your responsibility to file a police report, notify the bank, and ensure the account was closed.
If you don't pay your debt, a bank will eventually turn the account over to a collection agency. Fees and interest will be tacked on, and they'll eventually sue you. It won't be something most jobs throw a fit over, but a court judgment against you can indeed be collected from your paycheck.
This isn't going to "fall off" unless the debt goes ignored for a lot longer than this. It sounds like they're going to sue you and get a judgment. You don't get to run up debt with a bank and simply disappear.
- ?Lv 77 years ago
yes. if the bank doesn't get their money, eventually they will write the amount off as a loss and sell the
account to a collection agency who can go after you.
- ?Lv 77 years ago
HAHA no it won't go away. Banks want their money and I laugh even more at you being upset he was rude. I mean you were sitting there lying to him and I'm betting giving him an attitude. Well guess what, you have acknowledged the debt so they have every right to take you to Court over it. Oh and when people claim "it will fall off" I bet they are talking about the idea of the Statute of Limitations, which resets when you acknowledge the debt as you have done. By talking about it the clock has restarted and if they take you to Court, which they are likely to do, and get a Judgement then they can keep renewing the judgement if needed until you pay.