So far in 2022, we have eliminated over $10 million of client debt!

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Collections Lawsuits and Escalating Debt: Dealing with the Anxiety of the Unknown

past due envelopes

An enormous (and often terrifying) amount of unknown comes along with debt, unfortunately. For instance, you may not have any idea what to tell creditors and debt collectors when they call. Simply explaining that you don’t have the money to pay up rarely suffices—and certainly does not quelle their need to keep dialing. You may not know when your income will increase or when you will find another job, or a job at all. You may not know how to fix the problem—and worst of all, you may not know what consequences lie ahead as debt collectors paint out pictures of ruined credit, lawsuits, and judgments.

Inevitably, anxiety accompanies debt, and especially when you have no way to satisfy it. Depression and feelings of hopelessness are common, along with having trouble sleeping. You may feel like isolating yourself and you may feel embarrassed, but this is not the time to try and deal with the situation alone. Reaching out as soon as possible to an experienced debt protection firm like Fitzgerald & Campbell, APLC is in your best interest for improving your financial health—and your well-being all around! Taking steps to resolve the problem may feel difficult and even impossible, but could have a tremendously positive impact as well as helping you to avoid the following:

  • Further damage to your credit due to ongoing delinquencies, routine charge-offs after 180 days, and more
  • Collections lawsuits by creditors or debt collection agencies
  • Default judgments and all the ensuing consequences such as garnishment of wages of up to 25 percent, and levying of financial accounts and valuable property to be sold off at auction

With skilled legal help, you may choose to try and negotiate settlements with creditors. Filing for bankruptcy may be an option too, if you are eligible, allowing your unsecured debts to be paid off within three to six months. If you have already been served with a lawsuit, speak with your attorney about assistance for filing a response within the allotted 20 to 30 days. If a judgment has already been granted, they may still be able to help you as well.

Are you concerned about debt, hoping to explore ways to set your finances straight once and for all? If you are finding it difficult to pay your bills and need an experienced debtor rights attorney, contact us at Fitzgerald & Campbell, APLC. We can review your current situation and discuss your options with you, whether that means bankruptcy, a negotiated settlement, or exploring other options.

Speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible to examine your options. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include student loan issues, bankruptcy, and other debt management processes. We are here to help! Click here to schedule a free 30-minute consultation, call us at (844) 431-3851, or email us at info@debtorprotectors.com.

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