Q: If I default on credit cards & a signature loan, will it go to collection agency first or creditors can immediately
A: The creditors could choose to send it to collections or to sue you. Their choice will likely hinge on two factors: how much you owe and whether or not they believe you are collectible (i.e., whether you have the money or assets to pay). The more you owe and the more collectible they think you are, the more likely they are to sue you.
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