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Getting Sued in Texas?
I am a 20yr college student with a debt that will more than likely not be able to be paid before it become deliquent. I know that this means that I will probably get sued by the collection agency working for the student apartment company. I was wondering what that entailed? I don't have any property (back home with my folks) and my car isn't in my name at all. I really have no assets to my name. What happens when that's the case? I heard that it pretty much just makes me acknowledge in court that I owe them money, then have to pay it off...which is gonna have to happen anyway. Anyway, I was wondering if anyone knew about this. Thanks.
2 Answers
- ?Lv 68 years agoFavorite Answer
In Texas all they can really do is declare it a just debt and order it paid. If the debt then is not paid They'll just have to sue you again. Unless it is owed to the government or is child support they cannot attach wages either so more often than not they simply threaten to sue but do not in fact sue you. If they do court costs and attorney fees can be added to the debt. You must appear in court or the case is automatically won by the complaintant. I bet if you contact the people you owe and offer to work out some arrangement they will accept it rather than go to court.
- Artemis AgroteraLv 78 years ago
A judgment is issued against you. And the judgment will accrue interest until it is paid. (In my state, it would be a 12% APR.)
Judgments are good for ten years and can be renewed for another ten years.
But the entry of a judgment against you will really hurt you. It will destroy your credit rating and it could cause you to fail to pass background investigations - which means it will limit your future career options.
You don't necessarily have to pay the debt in full before it becomes delinquent in order to avoid being sued. Oftentimes creditors will refrain from filing if you are making a good faith effort to make payments.
