What happens if I cannot afford to pay a debt collector?

If you are unable to pay a debt collector in Texas, there are a few things that may happen. First, the debt collector may take you to court to receive a judgment against you and require you to pay the debt, plus interest and additional fees. The court may also allow the debt collector to garnish your wages or take action to seize your assets, such as your bank accounts or other property. If you cannot afford to pay the debt, you should contact the debt collector as soon as possible to make arrangements to repay the debt, such as setting up a payment plan or negotiating a reduced payment. If the debt collector is threatening to take legal action, you should contact an attorney or consumer advocate who can advise you further. Consumer advocates can help you understand your rights and assist you in making sure the debt collector is abiding by the Collection Defense Law in Texas. In some cases, consumer advocates may be able to negotiate a settlement on your behalf, which could reduce or eliminate your debt. It is important to note that even if you cannot afford to pay the debt, you have rights under the Collection Defense Law and a consumer advocate or attorney can help you protect them.

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What happens if I cannot afford to pay a debt collector?

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