Is credit card debt in Texas a noncollectable debt, & can the card company's sue you?

Answer 1

It is a collectible debt and yes they can sue you.

In the State of Texas, they can not garnish your wages, but they can attach bank accounts and file liens on any property you may own but only after they have taken you to court and got a judgment.

Answer 2

You need to protect your assets and most importantly, your income. Here is some advice of what to avoid. You should run as fast as you can from any debt settlement or debt consolidation program. They are very costly, extremely ineffective and can leave you exposed to lawsuits. First of all traditional debt settlement has well over a 70% failure rate, mainly because they provide you no protection from the creditors. They offer to settle your debts for average of 50%, they charge you 15% of your debt as a fee, then you pay income tax on the cancelled debt. When all is said and done you are back to at least 85% of what you started with in costs out of pocket. What did that accomplish for you? All during that agonizing 4 or more year process your credit is in the tank, precluding you from moving on with any of your financial goals. That's a long time to be exposed to lawsuits. In debt consolidation you are trading an unsecured credit card debt for a secured debt backed by an asset such as your home. That is the worst possible financial blunder ever offered in the credit industry. This could cost you your home. Bankruptcy? That should be out of the question when your major financial dilemma is unsecured debt. Eliminating the impractical programs through logical analysis was easy. So what could possibly remain as a viable solution? Keep in mind that after all you have been paying the creditors high interest for years on your own money and not seeing the light of day…the principal just doesn’t seem to go down. That’s the way they want it to keep you in debtors’ prison. There is an alternative to all of the above which is an all-inclusive means to satisfy the obligation of the debt where everyone wins. During the process you are completely protected, including every asset you own plus your income. You can empower yourself with a unique method that enables you to pay off those accounts for 10 cents to 20 cents on the dollar. That means you can save 80% to 90% off on the balances your creditors say that you owe. You can be debt free in about 18 months, be protected from creditor liability lawsuits, saving you many thousands $$$ in out of pocket costs, no tax consequences and your credit will be restored at the end of the process. Do your research. Just Google "credit card debt resolution" or "zero credit card debt" and you can learn more about this tried and truly effective method which was authored by an attorney with more than 30 years experience in debt and tax matters.

Answer 3

Yes, you can be sued for an unpaid debt. The misconception with TX and FL is that you can't be sued because they are homestead states. These laws came about in the wild west era when people were losing their property gambling so the state stepped in and said you couldn't take someone's home for an unpaid debt (Unless it is the bank that finances your home). Unfortunately, we sue people all of the time in the state of Texas for unpaid, unsecured loans or cards. PLEASE do not listen to anyone that tells you to go with a debt settlement company. They are a joke. Our attorneys have sent them letters asking them to cease taking on our customers but they refuse. Then we tried to explain to the customers that we don't deal with these companies, but they've got people brainwashed. So now....If we receive notification you are with a debt settlement company or law firm, we send the account for legal action. It doesn't matter if it is one month or six months delinquent. Of course, the balance must be at least a few thousand bucks, but that's what they do. Oh, by the way...ignore the guy soliciting Credit Solutions. I know of three major banks that won't deal with them Citi, GE Money, and Bank of America. In fact...If you type Credit Solutions of America into a Google search you'll see what I'm talking about, the first result is their website and the rest are complaints and horror stories. Good Luck.

Answer 4

No it is not a noncollectable debt. It is merely unsecured debt.

They can sue you up to the point of garnisheeing your wages or requesting a lien against your property to secure payment if the court agrees. Since this is unsecured debt, they have to sue you in court first for these things to happen.

Answer 5

If you ran up the credit card, it's your responsibility to pay the debt. The credit card company and andy collection agency that buys that debt can and will call you to collect. They can follow you right to the grave.

They can also take you to court, get a judgment, and attach your bank account, garnish wages, lein your house. Although I think Texas is one of the states that doesn't permit garnishment of the head of household's wages.

Answer 6

In most cases credit card debt is unsecured. If the credit card company cannot collect they usually send the debt to a collection agency and it goes on your credit report. The collection agency will make contact and try to get you to pay. The collection may stay on the credit report for years or until paid. If you seek additional credit the collections will show up and usually you will not be provided additional credit.

I have never heard of a credit card debt going to small claims court, even if they win they still need to collect the debt.

Answer 7

Non collectable credit card debt? Dream on!

Answer 8

you can be sued. If the bill is less than 5000.00 USD you can be sued in smalls claim Court if more than that amount sued in a civil court.

Answer 9

of course you can be sued...and your use of the word "noncollectible" makes no sense.