If you find yourself with a pile of unpaid debts today, it may be hard to pinpoint where the whole problem started—aside from that first credit card that arrived in the mail (probably years ago) and seemed so innocuous; in fact, you may not have even used it for quite some time as it was meant just for emergencies. Eventually though, vacations and holidays and those ‘emergencies’ pop up, as well some items to be purchased that are yes, just evidence of the need to give into temptation every now and then.
Along with normal credit card usage (and at first, paying off balances each month), you may have caught on to the bevy of rewards and points available. Used correctly, these can be quite beneficial and offer tremendous savings. For many though, the bonuses and ‘systems’ can be complex to understand and may also become quickly forgotten—never to be used at all! These enticements may cause many cardholders to start collections though, and especially with the cards that offer limited time zero percent (or very low) interest rates. Again, even as the collection may grow, they are meant to be used only in specific cases. This can spell trouble though (or survival, depending on how you look at things) when your income fails for whatever reason and suddenly you must rely on credit cards as a replacement for your income.
If you have experienced a major crisis in your life, debt may build up and you simply may not be able to deal with it—not only due to a lack of funds, but also due to overwhelming stress. Late payments and penalties, once a source a stress, may suddenly just sail on by, turning into serious delinquencies. If the creditor deems your account worthy of suing over, you may then find yourself being handed a summons and complaint, outlining a lawsuit. This is where the real headaches may emerge. If you do not consult with an experienced collections lawsuit attorney and respond to the lawsuit, you may find yourself fighting a default judgment later—unless you want to find yourself at the mercy of the creditor garnishing your wages, taking your property, and freezing accounts.
If you currently have a judgment on your record, or other concerns about debt, 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 lawsuits, judgments, and more. Let us review your case and discuss what would work best for you. Call us today for a free consultation at (844) 431-3851, or email us at email@example.com.