If you’ve been under financial stress, chances are it is beginning to affect many areas of your life. An illness or an accident, unemployment, divorce, or other unexpected events may have caused money problems to spiral out of control. As the medical bills, credit card bills, and all the normal monthly bills continue to accrue, you may also be fielding calls from debt collectors, receiving inordinate amounts of late notices from creditors—and finally, that knock on the door as lawsuit papers are delivered by a process server.
While being served may feel like the final blow, keep in mind that this is, unfortunately, a much more common occurrence than you might expect around the US. You certainly aren’t alone, and you don’t have to handle this situation by yourself either. With the help of a good consumer debt protection law firm like Fitzgerald & Campbell, APLC, you can put up a fight.
Don’t Ignore That Creditor Lawsuit
While your first instinct may be to throw the lawsuit documents onto the pile of other bills and try to forget about them, it’s important to take action unless you are ‘judgment proof,’ as soon as possible; and in fact, you may win against a creditor much more easily than expected. This is because they would generally rather not expend too much time and effort on you when there are so many other debtors who can be easily bullied. Also, most creditors are suing thousands of debtors and they make a lot of errors—especially when debts have been sold multiple times.
Ask For Verification of the Debt
When you put the onus on the creditor to prove you owe the debt and request a verification letter, the lawsuit may begin to disintegrate—and at the very least, drag out. A creditor cannot keep trying to collect on a debt until they’ve produced that verification letter. And if they can’t, you have a good defense.
Your attorney can also assist you in negotiating with the creditor to settle the debt. You may find this highly beneficial as the creditor may agree to accept a much smaller sum than was originally due. If you have other debts that are unpaid, however, and need a complete reorganization of your finances, you may want to consult with your attorney about filing for bankruptcy. Although that should only be considered as a last option, if you are eligible to file for Chapter 7 or Chapter 7 bankruptcy, you may be able to gain a fresh start financially—as well as staving off any foreclosures or repossessions.
Contact Us for Help Now
If you currently have credit card debt that is of concern or if you are being sued by a creditor, an experienced attorney from Fitzgerald & Campbell, APLC can review your case and discuss all the available options with you. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, bankruptcy and more. Let us review your case and discuss what would work best for you. We are here to help!