When I ask a client how much credit card debt he or she has, I often get a confused look followed by: ” Do you mean just the debt I want to include in my bankruptcy?” or “Do you mean just the debt I am behind on?” or something similar. No, what I mean is [...]
Pamela Stewart, Attorney at Law
Unless you are a customer of the bank, Houston bank First Bank in Houston refuses to break a $100.00 bill into smaller bills. My son experienced this recently when he needed to pay someone in exact cash and only had a $100.00 bill. What are banks thinking? I could understand if it was a check, [...]
If you don’t understand the difference between an escrow shortage and an escrow deficiency – you are not alone. Many attorneys even get this confused. Regulation X defines a deficiency as the “amount of a negative balance in an escrow account.” This happens when a mortgage servicer has advanced funds to cover disbursements (such as [...]
NO! Despite what a bill collector may tell you. You will not be arrested or placed in jail for non-payment of a debt. If a debt collector tells you that you can be, contact a lawyer immediately as that bill collector has violated the Fair Debt Collection Practices Act (FDCPA).
Yes, if a judgment has been obtained. The judgment creditor can request the court to issue a garnishment writ. The judgment creditor can garnish your bank accounts, savings accounts and any non-exempt personal property of yours held by a third party. While wages may not be garnishable in Texas, your wages lose their character of wages [...]
The answer is yes. Under the federal Fair Credit Report Act (FCRA), a credit bureau may furnish a credit report on a consumer in connection with the collection of a debt.
