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COVID Debt Could Affect the Financial Picture for Another Year

Man in a medical mask concerned with empty wallet

Looking back on 2020, you may remember thinking that the coronavirus tailspin would end after a few months. That probably seems unbelievable now, and especially as COVID-19 issues continue well into 2021. 

Recent news shows that many Americans may continue experiencing financial distress for many months or even a year or more due to repercussions from the worldwide pandemic. 

“Regardless of the current, past, or future health effects of COVID-19 on you or your family, the pandemic has affected and will likely continue to affect household finances for years to come,” states information from MoneyFit. “Creating a spending plan, prioritizing your spending, and using your resources efficiently will always be critical to your financial stability.” 

“Even now, when the demand for employees at seemingly every business far outpaces the supply of willing workers, not all businesses are back at full capacity. This means that not all communities are benefiting from a long-term recovery yet.” 

As creditors and debt collectors come back full force, you may be concerned about delinquent accounts; in fact, you may be dealing with old debt that was stressing you out well before anyone even knew what the coronavirus was. Speak with a debt protection attorney from Fitzgerald & Campbell, APLC if you are worried about what to do in terms of issues like mounting medical debt. These types of problems are usually accompanied by other problems too like credit card debt, and ongoing burdens caused by private student loans too. 

If you are being sued, don’t procrastinate! You need legal expertise for writing a reply to the creditor or collections agency, as well as the ability to begin outlining a strong defense. If you are interested in negotiating, speak with your attorney about the possibility of paying off your debts in one lump sum. You could find yourself resolving some major problems at mere pennies on the dollar. 

If you are worried about a creditor lawsuit or judgment, contact us at Fitzgerald & Campbell, APLC. We can review your current situation and discuss your options with you, whether that means a negotiated settlement, fighting a judgmentfiling for bankruptcy, or more. Our attorneys have decades of experience representing clients in all types of consumer rights matters, and we are here to help you! Call us today for a free consultation at (844) 431-3851, or email us at

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