Re: debt

Posted by Kathy on July 19, 2001 at 22:47:59:

In Reply to: Re: debt posted by Linda on July 02, 2001 at 19:15:51:

Linda,

"They can get judgments against you, and garnish your salary in some states (not all). Generally speaking, they can't take other things, since credit card debt is unsecured debt. "

Do you know if this is true for Texas. I got myself into serious financial trouble about 4 to 5 years ago. Since then I stopped using credit completely, started my own business, and have managed to save a signifacant sum of money. I am concerned that a judgement might take a chunk away.

I am willing to make payments I just really don't want to make them to the collection agency. I moved overseas two years ago and this collection agency starting calling my parents about four months ago and calls nearly every day! I tried to call the collection agency many times over several weeks and I always receive a buzy signal.

Anyway, if they do try to take me to court, what court would have jurisdiction, Texas which I haven't lived in for over two years, or Puerto Rico, a US territory where I have been living since leaving Texas?

A funny thing has been occurring as well. It seems that as I pay off each debt, a new collection agency will pop-up trying to collect on another unrelated but unfortunately accurate debt. I am confident that I am down to the final two so no new jerks should be calling. Do they know of my financial situation because my credit report is improving (I'm assuming, I haven't checked) or could they know of my savings and investment accounts?

Please help, I'm tired of losing sleep.
Robert

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