Legal Question in Credit and Debt Law in Texas
credit card
I have a credit card from 2001, that has been charged off. All of the sudden a lawyer is contacting me and saying that they want there money. I live in the state of Texas, exactly what can the lawyer do to me as far as getting there money. I thought after 4 year there was not anything they can do. They also have put in back on my credit report as a recent delinquent credit. Can they take me to jail or garnish my wages?
1 Answer from Attorneys
Re: credit card
The law says that after 4 years from the date a debt was incurred or affirmed...the creditor could not sue.But if the debtor reaffirms the debt it is open again. You could still be sued and need to defend the suit. And if not properly defended, the creditor could collect. You could not be put in jail nor have your wages garnished in Texas..but you really need legal help if you are sued. But if the debt is really over 4 years, do not reply..and yes they can keep on credit report until you dispute it in writing...
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