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What to do with Texas charge offs that are within SOL


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My friend has a few charged off credit cards that I'm trying to help her with. She quit paying on them around 2 years ago so I know they're still within SOL.

 

Should she get with the OCs and try to work out a PFD if possible?

 

I know being in TX helps if you're DVing the CA but don't know if it is wise to do this since the 4 years isn't up yet.

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I recommend your friend be either judgment proof ie:insolvent or have violations to counter with. Poking a lot of OC's or JDB's while it's in SOL is asking for trouble

I believe Texas only allows for garnishment for back taxes and child support, according to pretty much everything I've read online, including the Texas mega thread.

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I recommend your friend be either judgment proof ie:insolvent or have violations to counter with. Poking a lot of OC's or JDB's while it's in SOL is asking for trouble

I believe Texas only allows for garnishment for back taxes and child support, according to pretty much everything I've read online, including the Texas mega thread.

 

 

I believe you are correct but who would want the judgment sitting on their report for the next 7 years...

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I recommend your friend be either judgment proof ie:insolvent or have violations to counter with. Poking a lot of OC's or JDB's while it's in SOL is asking for trouble

I believe Texas only allows for garnishment for back taxes and child support, according to pretty much everything I've read online, including the Texas mega thread.

I believe you are correct but who would want the judgment sitting on their report for the next 7 years...

The Texas laws is what allowed me to do a "poor person's bankruptcy" when I got divorced. But yeah I wouldn't want to get a judgement placed against her.

 

So PFD offers you think if the OCs will accept? I don't know if these are suggested with CAs (I HATE paying CAs!)

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I recommend your friend be either judgment proof ie:insolvent or have violations to counter with. Poking a lot of OC's or JDB's while it's in SOL is asking for trouble

I believe Texas only allows for garnishment for back taxes and child support, according to pretty much everything I've read online, including the Texas mega thread.

 

While this is true, relying on an OC or JDB to use logic and common sense in determining whether or not to file suit is exceptionally risky...

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