Legal Question in Credit and Debt Law in Texas

What can debt collection agency do to me?

I owed $6800 to a credit card company that eventually wound up in at an collection agency and arbitration. I didn't understand the process and ignored the notice. Now I have received a letter saying they were awarded $11,400.00. I have no money to pay. What can they do to me?


Asked on 1/04/07, 7:30 am

1 Answer from Attorneys
TC Langford Langford Law Office

Re: What can debt collection agency do to me?

If you have no assets and no means to pay a settlement amount, then there is nothing you can do. They cannot garnish your wages or take exempt property. With a judgment however, they can reach your bank accounts.

Read more
Answered on 1/04/07, 7:58 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas