Hey I have a total of 7 accounts on my credit report ..Three student loans which are in forbearance , a car note ,two store credit cards and one visa ...All in all, I have 15 accounts on my credit report but only 7 are active .. I am paying every other bill accept the Visa because the bill is extremely high and I am out of work ..My other 2 credit card bills are $30 total each month and my car note is $200.I fell delinquent on my Visa via my credit union and they sent me a letter stating they can sue me and report my balance as income to the IRS ... is the IRS part true ?
I don't care about the sue part because I don't have any income or any assets ..
But since I am on my Mothers banking accounts as a secondary , should I remove my name from her banking accounts ?What are the chances they will sue me although I told them I don't have any income or assets? Do they sue based on the amount owed ? Its only two months behind but I will never pay them because the minimum payment is $375.00 per month and I'm going on a third month delinquency..The total balance is 11,000.00..
I'm just curious because my friend let her credit cards go 4-yrs ago and they said the same thing about suing her while she was in College , but they never sued her ..Her balance was 17,000.00 on one credit card and a total of 35k in credit card delinquency. ..I Assume laws have changed since then so that is why I'm asking ..
Oh and I live in PA!

