Debt Collection Law Suit

SOL in Texas is four years from the last payment activity on the debt. It looks like your debt is still within the statutes and the DC will try to get a court judgment against you. The court will mostly try to order wage garnishment before liquidating any assets.

Will it be possible if you can call the CA and work out a payment plan? I assume they have already validated your debt and proved about their authorization. When are you asked to appear for the court hearing? Be sure to attend the hearing. You may be able to explain your situation to the judge and get an easy plan for you.

You need texaslawyer. I've read a little about Texas because I might sit for the bar there some day as well. In Texas, they can't garnish your wages (except for government debts and childsupport). From what I understand, they can't take your car and can't take your house. In Texas it seem that it is very limited in what they can do if they indeed win a judgement against you.

Law Student
San Francisco, California - streetcars, the Golden Gate...and $4.50 per gallon gas.

In TX, I believe execution on a judgement is limited to siezing bank accounts.

A judgement will appear on your credit report, and stay for at least 10 years. Any party that will give you credit with a judgement on your CR will do so at a higher rate. If you move out of state, I suppose the judgement creditor can pursue a sister state judgement, and take whatever collection means are allowed in the new state of residence.

can credit card company take your house if so how long would it take? with the help of court of course

I don't think they could take your house. They might put a lien on your property but it would have to be a big debt. Usually, they just try to garnish wages if they cannot work a payment plan out with you. Most states require that it go through the court system.

and if i did recieve a hearing date, but did not show, due to bad advise, and have now recieved a court order, what should my next move be?

If they got the judgment against you, you probably will want to get the debt resolved quickly before they take action like garnishment or bank levy.

You can file a motion to vacate the judgment however you'd have to show good cause why you failed to respond to the suit. Depends on the facts of your particular case. Did they get proper service?