Articles

What Does Charged Off Debt Mean?

Posted on

Charged off debt means an account is closed to future charges, but a creditor may still attempt to collect the debt and may still be able to file a lawsuit.

Articles

What is the Fair Debt Collection Practices Act (FDCPA)?

Posted on

What is the Fair Debt Collection Practices Act (FDCPA)? The Fair Debt Collection Practices Act is a federal law enacted to “eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to promote consistent State action to protect […]

Articles

Common Post-Judgment Collection Tactics by Creditors

Posted on

Common Post-Judgment Collection Tactics by Creditors Below are a list of common tactics used by judgment creditors to collect on judgments in Texas. Post-Judgment Discovery:  discovery is a means of obtaining information.  Creditors will often send post-judgment discovery requests (which require written responses from the judgment debtor) or seek a post-judgment deposition to ask a […]

Articles

What is the Statute of Limitations for a Debt Lawsuit?

Posted on

What is the Statute of Limitations for a Debt Lawsuit? The statute of limitations (deadline to file a lawsuit) for a creditor or debt buyer to file suit on a debt generally fall under the four year statute of limitations.  The larger question is when does the statute of limitations begin to run? Debt cases […]