Calvary Portfolio Services routinely files lawsuits against Texas consumers in Justice Courts and County Courts across Texas. Often most consumers are not aware that a lawsuit has been filed until they are mailed by many Texas law firms advertising to represent them.
Options when sued by Calvary Portfolio Services:
- Do nothing. Let them take a default judgment. If this option is chosen, Calvary Portfolio Services may be able to garnish your bank accounts, hinder your ability to easily sell your home, and add a judgment in the public record of the credit report. Judgments carry a minimum interest in Texas so the amount of the judgment can be significantly higher at a later date. Judgments in Texas are initially valid for ten (10) years and can be renewed.
- Negotiate the lawsuit before an answer is due. Sometimes Calvary Portfolio Services will agree to settle before an answer is due to the court so they can avoid the expense of litigation and ensure a settlement. [Our fees for Lawsuit Settlement]
- Answer the Lawsuit. Sometimes consumers choose to answer the lawsuit to force Calvary Portfolio Services to prove they own the debt, have the right to collect upon the debt, and have the right to file suit over the debt they purchased. Even if a consumer thinks they owe a creditor there are still many defenses they may have.Calvary Portfolio Services has to provide the proper documentation when challenged in the legal process. [Our fees for Answering a Lawsuit]
- File Bankruptcy. Some consumers with a large amount of debt choose to file bankruptcy. Sometimes all of their debt can be legally discharged [wiped out]. We suggest using a Dallas Bankruptcy Attorney.
While Calvary Portfolio Services does not have to take less than what is owed, we often find that with a documented hardship with other factors they may take less than what is owed. The value of hiring our law firm is the experience, knowledge, and employees to assist you in settling out your lawsuit. We have often found that clients pay less and have the entire transaction closed sooner when we are hired. We offer a flat fee structure based on who the lawsuit creditor is. We do offer payment plans.
To hire us to help you settle your Calvary Portfolio Services lawsuit we need:
- Be a Texas resident or have been a Texas resident when the alleged debt was created
- Contact us to discuss your situation including obtaining a copy of the lawsuit
- Sign an engagement agreement
- Complete a negotiation questionnaire
Call us today at (214) 556-2300 or Free Online Lawsuit Consultation
Today, we’re releasing our third Snapshot of Complaints Received from Servicemembers, Veterans and their Families. The report details the data and trends from consumer complaints we’ve received from members of the military community since July 2011.
Here are just a few highlights:
- Debt collection complaints have continued to rise since our last report, and now make up 39 percent of total complaints. It is our largest category of complaints from the military community.
- Credit reporting remains a top category of concern. 72 percent of these complaints are about incorrect information on credit reports. This remains a significant issue for the military community, one that we highlighted earlier this year.
- Student loans are another concern. 49 percent of these complaints are about problems dealing with a lender or servicer. In these complaints, we continue to see long-standing trends, such as servicemembers complaining about not being provided their Servicemembers Civil Relief Act rights.
This year our report also highlights our outreach efforts that allowed us to connect with thousands of members of the military community, as well as three of our enforcement actions that recovered millions of dollars for affected consumers, primarily servicemembers, veterans, and their families. These figures represent the positive impact of the work we continue to do on behalf of those who serve.
Problems with account services
Basic account servicing stands out as a significant area of concern for servicemembers. Most consumers can call their financial institution, visit a branch, or connect online to try and get the help they need to maintain their account. Unfortunately, for military personnel and their families, the realities of military life, including deployments, frequent moves, and a high operational tempo, can sometimes make access to those services extremely challenging.
We found that servicemembers were often subject to a variety of account maintenance or penalty fees, as well as account-access restrictions, which were triggered due to aspects of their military service.
These problems raise concerns that financial institutions may not have a true understanding of the servicing needs of their military customers and may lack proper procedures and protections for them. Detailed examples of servicemember experiences can be found in Section II of the report.
Check out the snapshot to learn more.
We’re listening
As always, if you have a problem with a consumer financial product that you can’t resolve on your own; or if you know someone in that situation, please remember that you can submit a complaint online or by calling (855) 411-2372. We make your voice heard.
