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You give up the right to seek more than that for the claim if you choose the small claims process. And you can't split one claim into many cases in order to get around the $10,000 limit. Consumer credit debt and medical debt are capped at $5,000 in small claims cases.
Default Judgments The default judgment usually gives the plaintiff the right to collect the amount of money that was asked for in the complaint, plus interest and court costs. The judgment will appear on the defendant's credit report, and it can be there for up to seven years if it is not paid.
Under Rule 41(a)(1), the plaintiff may dismiss without order of court merely by filing a notice of dismissal prior to an answer or a motion for summary judgment.