It costs them more to sue you than it does for you to settle.
Keep in mind the difference between what you owe and what you pay in a settlement is taxable income in the eyes of the IRS.
Shop this to a few lawyers who specialize in collections and
spend a few bucks having the lawyer do the negtiating.
Alo DO NOT use one of these 1-800 places that have sprung up like mushrooms. For the most part they are a ripoff.
Now DT you know that companies retain lawyers just to file such suits. It's pretty routine. Plus, they may choose to sell the account. So, the cost of a suit doesn't always exceed the account's value. Companies know that most debtors won't defend their interests, so it's a cheap victory for the company that may come back to bite the debtor some day.
