What Really Happens When You Don’t Pay Debt Collectors?

[@thomastrefz]

How many months typically before a debt buyer will file a lawsuit?

[@Upsolve]

Great question. Some sources say you're most at risk after 6 months of nonpayment, but this vary a lot depending your state's law and who the debt buyer is.

[@jerrellhoggard6599]

How much did the debt collector pay for debt

[@Upsolve]

Typically, debt collectors buy debts for a small percentage of what’s owed. It could be as little as 4-10% of the original balance. If they're able to collect the full balance from you, that's how they profit. It's a very frustrating industry!