While 2020 proved to be a year of hardship for millions of Americans, the viral pandemic was not choosy about who it singled out to be miserable. For many, debt was already an issue; in fact, you may have been carrying around unpleasant debt for years. This could be in the form of credit card debt, medical debt, or the dreaded, burdensome student loan debt. As unemployment become a sudden and scary reality for tens of millions of workers, many previous worries were put into perspective. Not much else matters when you are scrambling to buy groceries for your family and keep a roof over everyone’s head.
Luckily, there has been a ban on evictions through the end of the year. With that ending soon though (just as deferments on student loans end on January 31st with a recent extension), individuals around the US are stressed—and recent news states that minorities may have the most to lose—even after receiving stimulus checks and respites from some landlords. When there is no job to rely on, no income, and not a lot of hope in sight as COVID just seems to keep picking up steam, a $600 check is very welcome, but nowhere what is needed in terms of help when income bills and ongoing debt feel like a black hole of stress.
Charity organizations are full up with applications and are helping in every way they can. Many families literally have nowhere to go, and once the ban has been lifted on evictions, thousands of notices are ready to go out.
“Communities of color are the hardest hit by the eviction crisis, representing 80 percent of the vulnerable,” said the National Low Income Housing Coalition.
At the end of October 2020, figures show that nearly ten million Americans were behind on rent or mortgage payments, with no hope in sight.
If you have received other legal notices such as a summons and complaint for a collections lawsuit, or if you are now also finding yourself dealing with a court judgment, speak with a legal professional as soon as possible to examine your options in these challenging economic times.
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 firstname.lastname@example.org.