logo

Debtconsolidationcare.com - the USA consumer forum

Pdls in Texas

Date: Fri, 11/17/2006 - 15:19

Submitted by jackragan
on Fri, 11/17/2006 - 15:19

Posts: 20 Credits: [Donate]

Total Replies: 17


i live in texas and have storefront loans if i close my bank acct. what can they do to me.


You need to be careful from storefront lenders in Texas. Most are licensed in the state. Your state doesn't allow any criminal actions if the accounts are closed. But you know the debt is legit, so you have to work out arrangements in different means. Whatever you decide, keep the storefront lender noted.

Go to this link. You will find some info about the laws in Texas.


lrhall41

Submitted by Flying Cats on Fri, 11/17/2006 - 15:25

( Posts: 479 | Credits: )


I had a store front loan with purpose money. I stoped the loan and the check was returned . The loana was origanlly for 600 and now they claim with int and fees it is 805..i have paid 205 and now still owe 600 what iam i acutally liable for and can they take me to jail , or come and harrass me at my job theatning to take me to court or jail over this debt? They have threaten to do both


lrhall41

Submitted by MONIQE1 on Fri, 11/17/2006 - 18:48

( Posts: 10 | Credits: )


In TX if you default and then default on the payback arrangements they can press charges against you, if it was because you put a stop payment on the check or if you closed the account, because this is a licensed storefront lender. They can't come to your job to harass you though. But you can be arrested wherever the police want to pick you up.


lrhall41

Submitted by WHEREAMI? on Fri, 11/17/2006 - 18:58

( Posts: 5263 | Credits: )


You need to be completely honest with them about what you can pay each month. Be realistic too. Don't commit to something that you cannot follow through with or it looks like you are just stalling. You might consider starting with a good faith payment of as much as you can afford. As long as you are making a true effort to settle the account, it is not likely that the company will take legal action against you. I don't think that Texas allows wage garnishment (double check that, I may be getting my states confused) so it is in the best interest of the company to work with you. It will turn out fine. You WILL get through it!


lrhall41

Submitted by Rach on Fri, 11/17/2006 - 19:50

( Posts: 206 | Credits: )


Monique, They cannot take you to jail. If it is a storefront they can take you to court. You need to PM finsfan she is excellent on this matter of what you could have to pay if the court orders a garnishment. Please PM her and see what she has to say. Best Wishes


lrhall41

Submitted by KYSIDE38 on Fri, 11/17/2006 - 21:22

( Posts: 2477 | Credits: )