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The court summons. If you think collections agencies dont bother to sue for small amounts, think again. Never ignore a lawsuit. The lenders typically win because consumers dont show up to court.
Nearly all lawsuits against consumers today are for relatively small amounts, says Michael Bovee, president of Consumer Recovery Network, a debt settlement company. The lenders typically win because consumers dont show up to court. The judge then enters a summary judgment, and the court can begin to collect the money you owe on behalf of the collections agency.
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