Debt lawsuits in Houston can feel defeating; you may not know what to expect, and it might seem like your financial future is uncertain. However, you are not alone. Debt lawsuits involve thousands of Texans each year, and that number will continue to rise. Heston Law handles debt lawsuits efficiently and professionally, making it easier for you to navigate them. Don’t let the debt relief rumour mill get to you, and learn about the top 5 most common myths about debt lawsuits and why they aren’t true.
Myth #1: A Debt Lawsuit in Houston Means You Will Lose Everything
The most common fear when a client is initially served with their debt lawsuit is that they will lose everything, from their house to their car, or maybe even their business. However, this misconception is simply not the case for the average debt relief case. It is essential to remember that a lawsuit is the beginning of your new legal journey, and the results will be determined by the plan of action you and your lawyers comprise – because of this, working with a reliable team like Heston Law is a non-negotiable.
The most important thing to remember is that you must answer the lawsuit to avoid a default judgment. Default judgments are typically significantly harsher and could require you to offer more collateral than you would if you answered the lawsuit and consulted a strategic legal professional. Many of your assets may also be protected under state and federal laws, such as the homestead exemption. Luckily, in Texas, the ramifications for the act are very broad and make it much simpler to claim your assets as a crucial part of your living situation.
Many people might be anxious about their belongings being quickly taken without much warning. However, by learning the actual steps that are required to take your property, you can rest easy knowing that you’ll be informed every step of the way. Your judge must approve everything, which creates many misconceptions, but there is nothing to fear.
Myth #2: Debt Relief Services Can Only Help Texans with High Debt
Some people may believe that only those with six-digit debt and loads of collateral need professional debt relief help. However, the truth is that all debt affects people differently, and no small debt is unworthy of receiving reliable, effective professional debt relief help in Houston. Instead of thinking that your debt isn’t big enough to elicit seeking help, learn the true facts of the matter:
- Debt is relative; what might be a crippling, life-altering debt to some might be a small debt to someone else.
- We can tailor debt relief services to your unique circumstances. Debt settlements, consolidation, and bankruptcy are all options that are unique to your financial situation.
- Even extremely small debts, such as a couple of thousand dollars on a credit card, can spiral into a debt lawsuit due to hidden fees and interest rates.
If you’re thinking of trying to tackle your lawsuit without professional help because your debt is “too small”, think again. At Heston Law, we understand that everyone’s financial circumstances are vastly different. Let us help you get the best outcome for your personal situation.
Myth #3: Sending a Debt Validation Letter Will Stop All Legal Action For Your Houston Lawsuit
For many people, the first thing they think of when served with a debt lawsuit is what kind of “quick fixes” are available to remove themselves from the situation. It is a common internet myth that by sending a simple debt validation letter, you can make all of your legal strife disappear into thin air. However, that is far from the truth, and the actual proceedings can be far more complicated than a simple letter.
While it might seem like a debt validation letter is like a quick and simple “get out of jail free” card, it is actually a powerful tool when used correctly. Your team at Heston Law can compose a letter that makes your debt collector validate your debt and prove that they are within their legal bounds by collecting it. This forces the collector to provide significant documentation before the lawsuit proceeds.
The most vital thing to remember when it comes to debt validation letters is to leave it to the experts. Online templates can cause a legal disaster by sparking a legal dialogue that you might not understand the full extent of.
Myth #4: Debt Relief Options Are Only for Individuals in Immediate Financial Hardship
Many people mistakenly believe professional help with debt lawsuits is only for those facing immediate and time-sensitive financial hardship. Like many aspects of financial responsibility, the best course of action is being proactive. By acting early and investing in a team of experts like Heston Law, you can take your power back and find a solution that is realistic for you. Being proactive within your debt lawsuit is a lot like fixing a leaky roof. You might be tempted to ignore a small leak, but it will eventually grow into a more expensive and stressful situation that you could have avoided by acting quickly. With the help of Heston Law, you can get a plan that offers solutions before your financial situation becomes critical.
The benefits of acting fast are vast, but the top improvements include:
- More options: When you act early, your options greatly expand. This applies to nearly every aspect of your lawsuit, from negotiation to settlement and consolidation
- Increased leverage: This allows you more power for negotiating swiftly and thoroughly. Staying out of default judgments is game-changing for many cases.
- Less damage: Debt lawsuits can impact your credit score. By acting early, you can avoid significant impacts on your credit score and help protect your future finances.
- Reduced stress: Debt lawsuits can be extremely stressful. When you choose to approach the lawsuit proactively with Heston Law, you can save yourself stress and sleepless nights because it puts the power back in your court.
At Heston Law, we recommend that individuals seek help as soon as their debt starts to feel overwhelming and unmanageable. Strike while the iron is hot, and let us help you find a proactive solution based on your unique needs.
Myth #5: Debt Repayment Plans Never Work in Debt Lawsuits
One of the most common things that can happen at the end of a debt lawsuit is establishing a payment plan that inevitably falls apart after just a handful of payments. Over time, this has created a common internet myth that debt payment plans never work. Strategic plans, developed by a team that understands your lifestyle and goals, can give you financial freedom.
Debt lawsuits can be exhausting, causing many people to agree to a rigid and fast-paced repayment schedule that they simply cannot commit to. Instead, when you work with Heston Law, we fight to find a solution that is feasible for you – helping you reach financial freedom as fast as possible.
Don’t Let Your Houston Debt Lawsuit Define Your Future
Don’t let the internet’s fear-mongering keep you from putting in the good fight when it comes to your Houston debt lawsuit. Instead of focusing on these myths and misconceptions, work with Heston Law and give yourself the gift of a tailored solution to your debt relief process. Contact us today for a free debt lawsuit case evaluation!