Collections Law/already sued!

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Expert: - 6/14/2010


Question
I was sued by a small loan company and already went to court.  The judgement was for the plaintiff.  The judge never sent me anything for payment arrangements and the loan company hasn't either.  Do I still have to pay it even if i don't have the money?

Answer
Gilbert,

It is hard to pay the debt if you do not have the money.

Since the company won the lawsuit their is a judgment. Depending on the state that you live in, a judgment can be enforced for a certain number of years. Here is a link to another website that has the time frames:
http://www.cardreport.com/laws/judgement-sol.html

Also, depending on the state the judgment holder may have different remedies such as wage garnishment or seizing money in bank accounts. Again, I am not sure what state you are in.

Chris Ebert
http://www.henleycreditlaw.com

Collections Law

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Chris Ebert

Expertise

I can answer questions for Texas and California residents concerning issues that involve creditor and debtor rights. Specifically, I can answer questions concerning: FDCPA, FACTA, FCRA, and Texas / California state collections violations.

Experience

For the last 6 years I have worked as a Sr. Paralegal in a law firm (http://www.henleycreditlaw.com) that defends debtors against their creditors. I have reviewed thousands of credit reports and under the supervision of our attorney helped hundreds of client resolve their credit issues.

Organizations
Henley & Henley, PC

Education/Credentials
BBA University of Texas at Austin

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