I have nothing but wonderful things to say about Pacific Debt! Rian, the person I am initially worked with, was amazing! He was so patient and offered extremely valuable advice. Rian helped me with questions I had related to the program, the pros and cons, and guided me where needed. He and I worked on a plan and I was able to get that plan rolling. Each month, I received regular follow-up calls from Julia and she also was so gracious and helpful. It became clear to me that Pacific Debt is a company that truly cares about the client. Julia was reassuring, answered all of my questions, and provided great information. I felt at ease throughout the process because of both her and the team. Unfortunately, I had to proceed with bankruptcy due to several factors not related to the help provided form Pacific Debt. When I informed them that I needed to close my account, they were very understanding and asked if there was anything else they could do to help. They were a class act throughout the entire process. I recommend Pacific Debt without hesitation!
We can help you and your family with relief from debt in the state of Texas.
Texas is the second largest state in both population and size. Texas’ GDP is larger than Australia’s and comes from abundant natural resources. Texas is ranked #32 for population and #40 for population density.
As of 2018, over 27 million people called Texas home. Houston is the largest city in Texas.
Is Texas a Community Property State or Mutual Property State?
The state of Texas is a community property state. Therefore assets are seen as equally owned by you and your spouse. Currently, there are only 10 states that are community property states, or mutual property states. We have those states listed below.
The median state income is $56,565. As of 2018, the minimum wage is $7.25 per hour. Unfortunately, 22.2% of Texan children under 18 live in poverty. For residents overall, 15.6% of all people in Texas live under the poverty level. p
Median state income: $56,565
Minimum wage: $7.25/hour
Children in poverty: 22.2%
People in poverty: 15.6%
More than half (61.7%) of Texans hold a mortgage. The median home price in Texas is $185,900. (2018). Of course, that median price depends on the location with some areas being much higher.
Homeowner rate: 61.7%
Median home price: $185,900
Texas has a current employment rate of 4.0%. However, the underemployment rate is 8.6%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.
If this is you, we can help. Pacific Debt offers Texas debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget, and explain your options.
Unemployment: 4.0% (2018)
Underemployment: 8.6% (2017)
Texans carry a lot of debt. The average credit card debt is $7,692 (2018). The average student loan debt is $26,236. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Texans to get into debt.
Avg credit card debt: $7,692 (2018)
Avg mortgage debt: $166,762 (2017)
Avg student loan debt: $26,236 (2017)
Texas Statute of Limitations
Texas’ statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.
For debts taken out in Texas, the following are the statutes of limitations for different types of debt.
Oral agreements: 4 years
Written contracts: 4 years
Promissory notes: 4 years
Credit cards and other revolving loans: 4 years
Texas Debt Relief & Debt Consolidation
If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top ranked debt relief company located in San Diego.
We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills and repossessions.
It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help.
Texans are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the Texas Fair Debt Collection Practices Act (TFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.
Overall, debt collectors can NOT:
Charges more than 10% interest
Garnish more than 25% of wages
Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
Accusing you of committing a crime for not paying the debt
Make/threaten to make defamatory statements to someone else
Threaten arrest, to seize assets, or garnish wages, unless actually planning to take such action
Use obscene or profane language
Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
Call you repeatedly or let your phone ring repeatedly
Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
Reveal information about debt to anyone except your spouse or your parents if a minor.
Publicly publish your name for failing to pay
Send a postcard or letter with revealing information on the envelope
Claim to be someone other than a debt collector, including a governmental official
Use stationary that appears to be from a law firm
Charge you collection or attorney’s fees unless legally allowable
Threaten to report you to a credit reporting agency if they have no intention of doing so
Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is
Debt collectors must:
Disclose caller identification
May contact your family to locate you
Must serve you with notice of a lawsuit if suing you
Bankruptcy Court Information
Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Texas.
Persons filing for bankruptcy must:
Complete credit counseling within six months before filing for bankruptcy.
Complete a financial management instructional course after filing bankruptcy.
Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
File for bankruptcy
Chapter 7 bankruptcy fee is $306
Chapter 13 bankruptcy fee is $281
Meet with court assigned bankruptcy trustee
Attend a Meeting of Creditors
Confirm plan if filing for Chapter 13 bankruptcy
DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.
Pacific Debt Now Providing Debt Relief to Texas Cities