Creditors frequently threaten to sue to collect on overdue debts.
These threats are likely to cause you a great deal of anxiety. Typically it is clear that these creditors can sue you, but the more important question is whether they will sue you. Creditors do not always make rational decisions. The lawsuit process is slow, somewhat expensive and often unprofitable as a way to recover money from people who have few assets. If the creditor can do something else more effective, it will.