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Default Judgments & Collections Lawsuits: Millennials & Gen X’ers Feeling the Pain

woman counting money

Debt issues continue to plague citizens within the US, and especially as consumer and household debt rise to record highs–and even those of millennials. You may find yourself affected for many reasons, whether you have or had fallen ill, were the victim of a car accident and sustained injuries that required long-term healing, or if you were laid off, lost hours at your job, or perhaps experienced difficult issues within your family such as a separation or a divorce, a death, or a relative who required caretaking.

Mortgages are still noted as the number one debt consumers must pay each month, but student loan debt—as the crisis ensues with over 45 million borrowers owing over $1.6 trillion—has begun to overtake many younger borrowers. People of all ages are affected though, to include growing numbers of seniors.

Recent news shows, however, that both the millennial and Gen X crowd are having a particularly tough time with the bills. Studies show that both groups are ‘equally stressed’ about money—although perhaps about different types of financial duress as Gen X’ers show greater worry over credit card debt, while millennials are anxious about how to pay off student loans, as well as handling the repercussions of delinquencies and defaults.

No matter what your age, or what type of debt you are worried about, if you are being sued by a creditor or debt collections agency, it is critical to act as soon as possible, consulting with a skilled collections lawsuit attorney and protecting yourself from further financial vulnerability due to a lawsuit. Replying to the lawsuit is the first course of action, and is usually required (as stated on the summons) within 20 to 30 days—although this could be longer if the documents were served via ‘substitute service’ on someone else living in your household so that they could give them to you when you got home.

Without a reply, you could definitely find yourself in further financial hot water due to action from a default judgment being granted against you, from loss of up to 25 percent of disposable income as your wages are garnished, to freezing of checking accounts, seizure of property, and more.

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

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