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Question: “I am a resident in Dallas Texas. What is the worse thing could have been happened from a credit card company or a unsecured personal loan company's law suit.”
Answer: In a worst case scenario, the creditors will get a judgment against you and then attach liens to your real estate and personal property, then foreclose on them. The judgment creditor may also garnish your wages (up to 25%). Of course, Texas is a very debtor friendly state. For example, if you own a home and use it as your primary residence, you can completely shield it from creditors.
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DISCLAIMER: Please understand that the complexities of most legal problems cannot be adequately addressed in this setting, and that I am only licensed to practice law in the state of Maryland. Accordingly, you acknowledge (1) that we have not formed an attorney-client relationship, and (2) that my post is general information only and is not specific legal advice.