You are correct. If a person uses this method, they should opt for the legal representation option. For me, it was only $12 per month. None of the CC companies sued. The all settled. That included Chase and Capital One. I have had no interaction with Bank of America. My credit union did attempt to sue but we settled out of court for 70 cents on the dollar. As I said, every other creditor settled for 50 cents on the dollar.
You are right though. Be ready for a law suit. But take my advice and get the legal representation as part of the package. They will step in. The debtor will not even have to show up in court. Eventually, all the debtors buckle. They really have no choice. get something or get nothing. They just will not get the full amount.
I appreciate your comment. I did not mention law suits in my original post. It is something to consider.
