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New State Law Will Soon Stop Debt Collectors from Harassing You Over Old Debts

CBS | Austin

Tim Gasaway mostly helps veterans get their benefits in his work at Texas Legal Services Center, where he is the managing attorney of the Veterans Legal Assistance unit. But he heard a lot of complaints about "zombie debts" from his clients. "It's very, very important, very stressful for these people," he said. "Oftentimes you will talk to a consumer who had a credit card debt 10 years ago."

The statute of limitations on a debt in Texas is four years. That means you can't be sued for it after that. But there's a loophole. "The out is they will contact a consumer who has one of these debts and cajole them into making a payment or affirming the debt," Gasaway said. That re-starts the clock -- and those debt collectors, who often have bought those old debts for pennies on the dollar -- are just trying to trick you so they can sue you.

New State Law Will Soon Stop Debt Collectors from Harassing You Over Old Debts

CBS | Austin

Tim Gasaway mostly helps veterans get their benefits in his work at Texas Legal Services Center, where he is the managing attorney of the Veterans Legal Assistance unit. But he heard a lot of complaints about "zombie debts" from his clients. "It's very, very important, very stressful for these people," he said. "Oftentimes you will talk to a consumer who had a credit card debt 10 years ago."

The statute of limitations on a debt in Texas is four years. That means you can't be sued for it after that. But there's a loophole. "The out is they will contact a consumer who has one of these debts and cajole them into making a payment or affirming the debt," Gasaway said. That re-starts the clock -- and those debt collectors, who often have bought those old debts for pennies on the dollar -- are just trying to trick you so they can sue you.

Wall Street Journal

AT&T Overpaid Some Pensioners. Now It Wants the Money Back.

PHOTO: David Paul Morris/Bloomberg News

Managing Attorney Roger Curme with the South Central Pension Rights Project commented in a Wall Street Journal article by Theo Francis detailing the tactics used by AT&T to reclaim awarded pension funds to former employees. Mr. Curme represented a client battling credit collection agencies after AT&T and Fidelity Investments attempted to rescind payments.

Former Tenants Sue Over HMK Contracts to Buy Homes

CBS 11 and NBC 5 News, Dallas Fort-Worth

Texas Legal Services Center Attorneys Wayne Krause Yang and Ann Maldonado Heaps challenged illegal mortgage lending practices targeting working-class families in Dallas. Click below to read the NBC News article detailing the case.

 

For press inquiries, contact: 

Meghan Lee, Communications

512-477-6000 x214 | mlee@tlsc.org

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