8/30/2023 0 Comments Mariner finance logo![]() It can potentially get more costly and worse. The best time to take care of a lawsuit is NOW. If you are interested in seeing if bankruptcy is right for you visit our site Dallas Bankruptcy Attorney Seek bankruptcy protection. Our law firm does help clients file bankruptcy.The amount of an unresolved judgment can significantly increase over time. Judgments in Texas are good for 10 years initially and they carry a minimum interest of 5%. Mariner Finance may take a judgment against them and then ultimately have their bank accounts frozen ( bank garnishment). Many people decide to do nothing for lack of funds or fear of what can happen. They may not be able to successfully produce all required documentation when challenged. Even if a consumer thinks they owe a debt it is still up to Mariner Finance to prove that they own the debt, have the right to file suit, and have enough documentation to prove a debt is owed. Answer the Lawsuit filed by Mariner Finance.Even if they can provide some of the documentation to the court, there is always a chance they could lose. Mariner Finance is often receptive to a quick settlement rather than spending more time and money in a lawsuit. ![]() Many consumers recognize they may owe a debt and choose to attempt to settle the debt before an answer is due to the court. ![]() Attempt to Negotiate a settlement with Mariner Finance before the answer is due.Some of the options that you have are to: Participants in the system often have a better outcome than those that do nothing. If you have been sued then you need to answer the lawsuit. In short, whether a consumer has the funds to settle or not, it can get more costly the longer the issue is avoided. They can try to sell any unprotected assets you may have in Texas. They can stop the sale or purchase of a home or auto. They can file a motion for receivership which allows them to remove money at any time from the bank account. They are wrong. Judgment creditors can garnish bank accounts taking all the hard earned money. Many consumers think that a judgment is just a worthless piece of paper and if they do not want or can’t pay then there is nothing the judgment creditor can do in Texas. This gives Mariner Finance a long time in which to come after you. In Texas, a judgment can be aggressively collected for ten (10) years and even longer if they keep renewing the judgment. If you do not then they may take a default judgment against you. They are counting on the fact that you will not respond or show up to court. ![]() Mariner Finance sues against consumers that defaulted on credit card obligation. ![]()
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