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    Disputing small debts

    Hi,

    How often do creditors follow through if you dispute a small debt (in the range of $100-300)? They clearly cannot take every debtor to a court, or do they?

    #2
    Originally posted by sethmachine View Post
    Hi,

    How often do creditors follow through if you dispute a small debt (in the range of $100-300)? They clearly cannot take every debtor to a court, or do they?
    Do you mean if you dispute it with your CC company? If so, I think the company then investigates and hopefully rules in your favor. At that point, the matter is closed. If the company rules that the debt is legit then you need to pay it.
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

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      #3
      Originally posted by disneysteve View Post
      Do you mean if you dispute it with your CC company? If so, I think the company then investigates and hopefully rules in your favor. At that point, the matter is closed. If the company rules that the debt is legit then you need to pay it.
      If your cc company rules in your favor be aware that whoever you did business with could still sue you to pay them another way. Not likely to happen over $300 but still could happen.

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        #4
        Originally posted by MooseBucks View Post
        If your cc company rules in your favor be aware that whoever you did business with could still sue you to pay them another way. Not likely to happen over $300 but still could happen.
        Understood. I wasn't aware that's how it worked.
        Steve

        * Despite the high cost of living, it remains very popular.
        * Why should I pay for my daughter's education when she already knows everything?
        * There are no shortcuts to anywhere worth going.

        Comment

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