Collections Law/Consequences

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Expert: Apex Credit Services, LLC - 12/16/2008


Question
I owe almost $90k in credit card debt, would have to file divorce to file bankruptcy, and at my current pace will take a decade to repay what I owe.

Let's say I completely stop paying my cards, what is the worse that can happen?

I live in Houston and hear there's no garnishment or repossessions on credit card debt?

Answer
Michael:

You're lucky you live in Texas.  The worst that could happen is that your credit score would be destroyed for seven years and perhaps, beyond insofar as debts are typically sold or you would be sued (even though virtually worthless in TX).  Unpaid judgments stay on your credit reports forever.

Apex Credit Services, LLC
http://www.apexcreditservices.com
888-727-4818

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Apex Credit Services, LLC

Expertise

Our expertise encompasses the legal frameworks under the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Fair and Accurate Credit Transactions Act amendments to the FCRA, and the FCRA. We are also well versed in Tennessee and West Virginia consumer law as well as Texas consumer law. DISCLAIMER: NO PART OF ANY COMMUNICATION FROM APEX CREDIT SERVICES, LLC IS TO BE CONSTRUED AS LEGAL ADVICE. APEX CREDIT SERVICES, LLC IS NOT A LAW FIRM. SHOULD YOU SEEK LEGAL ADVICE, CONSULT A LICENSED ATTORNEY IN YOUR JURISDICTION.

Experience

Our staff is comprised of CCPA experts. Apex Credit Services, LLC, which is a registered, licensed, and bonded credit services organization and certified by the Consumer Data Industry Association.

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Education/Credentials


Past/Present Clients
Flagstar Bank Chase Bank

Past/Present Clients
Flagstar Bank Chase Bank

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