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How Soon Can a Debt Collector Sue Me?

It took a debt collector less than a month to sue our reader, Monique . She received a letter about a past-due debt and then, less than a month later, a court summons. She's made arrangements to pay, but she is worried about how this will affect her credit. "I'm not trying to get out of paying," she said. "I just don't want it on my credit report." The debt may already be on her credit report. Debt collectors do not need to wait 30 days before reporting a debt to credit reporting agencies. The 30-day verification period is a period during which consumers can seek verification from debt...

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