Re: Letter from RMA/Sears

Posted by Razor (65.33.36.192) on May 03, 2002 at 18:59:49:

In Reply to: Re: Letter from RMA/Sears posted by Dave Smith on May 03, 2002 at 18:28:51:

LOL debt ps past SOL. RMA snatched up the acct cause sears coulndt collect on it. Teach them.

Here is the TX info
STATE: TEXAS †
INTEREST RATE*

Legal: 6% with agreement can charge up to 18%. w/o agreement - statutory interest of 6% begins to run 30th day after becoming due
Judgment: 10%
STATUTE OF LIMITATIONS (IN YEARS)

Open Acct.: 4
Written Contract: 4
Domestic Judgment: 10 (Renewable)
Foreign Judgment: 10 (Renewable)
BAD CHECK LAWS (CIVIL PENALTY)
N/A

GENERAL GARNISHMENT EXEMPTIONS
100% of Wages

COLLECTION AGENCY BOND & LICENSE

Bond: Yes
License: No
Fee: No
Always consult counsel to charge interest - Texas has very onerous usury laws & penalties.

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