That's such bull shit because you know they bought that debt for less than $400 and they are going to pay a lawyer to come after you now? Those are some razor thin profit margins on that business model. What a dick move.
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The originating bank can sue because they have standing. Debt collectors, who buy bad debts at a steep discount, cannot sue as they have no standing in court.
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So this debt wasn't sold to debt collectors is what you're saying?
Correct. Often, they prefer to sell off the bad debt and write off the loss. In this case, they are using the legal option.
Fighting and winning costs attorney fees. Most attorneys in these types of cases want payment up front.
Fighting and losing costs attorney fees and a judgement.
The attorney could easily cost more than the debt.
Simplest is to have the attorney try to negotiate a settlement and avoid court.
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meep