Legal Question in Credit and Debt Law in Texas

I have an account that has been sold to a collection agency. They have offered me a settlement amount. My overall credit rating is already considerably poor. What penalties would I incur if I didn't make pay this settlement? Could the collection agency send me to court for not paying the debt they have incurred? I assume my credit rating would drop.......but this account has been poor since 2004.


Asked on 8/13/09, 7:57 am

1 Answer from Attorneys
Donald McLeaish McLeaish&Associates;, P.C.

you may find the collection agency has no authority to take a lesser amount..if they sue, then defend on statute of limitations ie after 4 years and deny accuracy of the charges which probably includes upgraded interest and penalties..good luck

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Answered on 8/13/09, 8:12 am


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