What to Know if Facing a OneMain Financial Lawsuit in Texas

If OneMain Financial Group, LLC is suing you for debt collection in Texas, you may feel overwhelmed and unsure of what to do next. However, it is important to act and protect your legal rights. Below, our debt collection defense lawyers discuss what you can expect if facing a OneMain Financial lawsuit. We also discuss why it is crucial to respond to the lawsuit and the advantages of contacting an attorney.

What Is OneMain Financial Group, LLC?

OneMain Financial Group, LLC is a financial services company. It provides personal loans, auto loans, and credit cards to consumers in the United States. According to its website, it offers loans from $1,500 to $20,000. Its credit card options offer credit limits of up to $1,000 or $3,000. 

You may know the company as OneMain Financial or OneMain. Headquartered in Evansville, Indiana, OneMain Financial has about 1,400 branches across 44 states. 

Will OneMain Financial Sue Me for Debt Collection?

If you take out a loan or credit card with OneMain Financial and cannot repay the money, OneMain may take legal action to try to recover the debt. After a certain period, the company may file a collection lawsuit with the court. If OneMain Financial files a lawsuit against you, it wants to get a judgment against you.

OneMain Financial Group hires experienced law firms to handle its debt collection cases. OneMain often works with the Oklahoma-based law firm Morgan & Associates P.C. for its Texas cases.

What Happens When OneMain Financial Sues You?

If OneMain Financial sues you for debt collection, you should receive a formal notice of the lawsuit. This formal notice is a summons and complaint. It will outline the details of the lawsuit, including the amount of the debt, OneMain’s claims, and the deadline for responding.

Once you receive a formal notice, you should respond to the lawsuit as soon as possible. In Texas, you generally have about 20 days to respond. However, the timeline depends on which court is handling your case. 

Responding to a lawsuit filed by OneMain Financial or any other creditor is essential because failing to respond could result in a default judgment against you. A default judgment means that the court has ruled in favor of OneMain Financial without hearing your side of the story. It may obtain a default judgment against you, even if the debt is invalid or there are other issues with the case. The judgment could result in collection activities, such as bank garnishment, property liens, or property seizure.

In your response, known as an Answer, you can admit or deny OneMain’s allegations and present defenses. By filing a formal response, you avoid a default judgment and put pressure on OneMain to validate the debt. It also protects your rights and allows you to explore legal options to resolve the case in your best interests. 

What Are Common Case Outcomes in a Texas Debt Collection Case?

The outcomes of a debt collection lawsuit filed by OneMain Financial, or any other creditor can vary depending on various factors, including the strengths and weaknesses of OneMain’s case and your unique situation. 

However, common results in Texas debt collection cases may include the following:

• Default judgment. A default judgment means the creditor wins the case by default and may begin court-ordered collection activities. Unfortunately, many collection cases end in default judgments because defendants fail to respond to lawsuits or appear in court.
• Case dismissal. The court may dismiss the lawsuit if the creditor does not have a strong case. For example, the court may dismiss the case if OneMain Financial cannot prove that you owe the debt or that the debt is valid. Other defenses, such as an expired statute of limitations or mistaken identity, may also result in a case dismissal.
• Settlement. Negotiating a settlement with OneMain Financial may be possible, depending on your situation. Creditors are generally open to settlement negotiations to avoid the time, cost, and uncertainty of litigation. OneMain Financial may be willing to settle the case out of court by negotiating a lump sum payment or a payment plan.
• Judgment. If the case proceeds to trial, the court will make a ruling. You will have the opportunity to present your case and defend yourself against the lawsuit.
• Alternative debt resolution. In some cases, bankruptcy may be an option to discharge debts.

How Can Warren & Migliaccio Help Me in a Debt Collection Defense Lawsuit? 

Our article has helped you better understand what to expect from a OneMain Financial lawsuit and why taking action to protect yourself is important. However, we recommend consulting with an experienced attorney about your situation. 

OneMain Financial Group has experienced lawyers on its side to pursue debt from you. You should have someone just as experienced on your side to defend you. At Warren & Migliaccio, we are dedicated to helping our clients reach the best possible outcome for their cases. You can read what our past clients have said about us here.

We may be able to help you in the following ways:

• Answer your legal questions
• Help you understand your legal rights and weigh your options to resolve OneMain’s case against you
• Prepare and file a formal response to OneMain’s lawsuit with the court handling your case
• Investigate OneMain’s allegations against you
• Gather documentation and other evidence to bolster your defense
• Build a legal strategy that aligns with your best interests
• Represent you throughout the legal process and help you reach case resolution

Schedule a No-Obligation Consultation With Our Texas Debt Collection Defense Attorneys

We understand the stress and uncertainty of facing a OneMain Financial lawsuit in Texas. You may have more legal options available than you think. However, it is important to take immediate action to protect your legal rights. 

Our debt collection defense lawyers can help you understand your options, gather documentation to support your case, and represent you throughout the legal process. We encourage you to schedule a no-obligation consultation to discuss your legal options and how we can help you. 

Our team represents individuals across Texas, and we have offices conveniently located in Dallas and Richardson. Call one of our offices or complete our online contact form to schedule a case review today.