What is the name of your state? Texas
Sued over credit card debt - about $10K. I own a home, I have a job. I cannot pay due to being out of work for three years and having alot of accounts go bad on me. I have settled other accounts but this one wants to sue. If I don't respond they claim they will win judgement. Can they place lien on house - what will this specifically do to me and my home? Can I lose it over this amount? Can they garnish my wages? Can they take or dip into any bank account I have? I have heard that Texas is a debter friendly state and they can get the lien on the home but that is about it. They would collect only if I sold my home - fact or fiction.
Any help would be appreciated.
Sued over credit card debt - about $10K. I own a home, I have a job. I cannot pay due to being out of work for three years and having alot of accounts go bad on me. I have settled other accounts but this one wants to sue. If I don't respond they claim they will win judgement. Can they place lien on house - what will this specifically do to me and my home? Can I lose it over this amount? Can they garnish my wages? Can they take or dip into any bank account I have? I have heard that Texas is a debter friendly state and they can get the lien on the home but that is about it. They would collect only if I sold my home - fact or fiction.
Any help would be appreciated.