Many people think Lenders and Banks won’t sue for defaults over a certain amount, but truthfully, they can sue you for a default of any amount. If the creditors get a judgment against you, they could also ask the court to garnish your wages to enforce the Judgment. Don’t ignore a Notice of Demand or Lawsuit Summons from Lenders and Banks, even if you believe the statute of limitations has passed on your debt. If you’re sued, consult an attorney on the best way to proceed.
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