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With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitute and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.

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Creditors and Bankruptcy - Credit card debt


Expert: Ontrack Financial Group llc - 9/30/2009

Question
QUESTION: I am living, I have a 7 credit cards the highest 10750 the lowest 3250 I have difficulty to make the payments, I do know how the SOL works can you tell me? The credit cards creditor can suit me in Texas, Creditors can go over my property or my 1999 car

ANSWER: I'm not sure what you're asking.  You know or you don't know how the SOL works?  Are the credit cards current or past due?

---------- FOLLOW-UP ----------

QUESTION: the credit card now are current but, I do not have money to make the October payment,I just have a part time and money to make mortgage and auto loan payment, food and home utilities. I do not how SOL works, without a job I can not make Credit card Payments on the future, the question is: how the banks can act against me, I heard something about in Texas they can not suit me that is true?

Answer
Sergio,

A statute specifying the period of time within which legal action must be brought for alleged damage or injury. The lengths of the periods vary from state to state and depend upon the type of legal action. The period commences to run under some statutes of limitations upon the accrual of a legal claim, but in others only upon the time of discovery of the act resulting in the alleged damage or injury.

Your creditors can obtain a judgment in Texas.

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