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.