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EN
Whatchamacolumn: Pay or negotiate, but don't ignore small debts
['President']
newsregister.com Columnists
Regularly published records, once limited to larger financial claims, now report lawsuits in the hundreds instead of thousands of dollars.
Professional debt collection operations flourished after they learned to mass-file small financial claims in circuit courts.
People lacking good legal advice can end up with court-adjudicated judgments including high legal costs, even on small original debts that may have been successfully challenged.
Best advice: Don’t ignore small debts, thinking they will disappear on their own.
Bottom line: Pay it off or negotiate a documented settlement, but don’t ignore those small-debt claims.
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