As the trials and tribulations of COVID seem to be slowing down, many Americans are optimistic about getting vaccinated, coming out of isolation, and beginning to venture back into life as we once knew it—as much as is humanly possible. Unfortunately, while millions suffered serious consequences to their health and hundreds of thousands of people died in the US, just as many are having to deal with horrible financial complications.
You may have already been stressed about money prior to COVID; however, with further diminished income during the viral pandemic and afterward, your perspective may have changed from worrying about private student loans and credit card bills to trying to figure out how to pay for the essentials, and buy even the most basic necessities like food. Sadly, some households did begin to experience issues with hunger—leaving both children and adults alike in serious need.
As creditors and debt collectors begin to come back to life, you may wonder what your current options are in terms of potential (or current) collection lawsuits or default judgments. The best thing you can do for yourself is to speak with a debt protection attorney as soon as possible if you are worried about the possibility of having to go to court, or if in fact you have already been summoned there, literally by a process server bearing a summons and complaint.
Ironically, if you are in debt, anxious over delinquencies, or wondering what to do about overall defaults on one or more loans like a home, auto, medical bill, or student loan, this is one of the best times possible to deal with creditors or debt collection agencies. Because so many people have been in dire straits, these entities are more likely than ever to give you a good deal—and a way out in terms of satisfying debts. Speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible to examine your debt load, any ongoing legal issues, and what the best course of action is as of now.
If you know you are being sued, most likely you have 20 to 30 days to respond, and it is important to understand why you should not delay in doing so. First, reach out for legal expertise in writing a reply. Next, consider whether you do have a strong defense, and if so, begin working on that too. Without such measures you could find yourself more vulnerable than ever in terms of losing up to 25 percent of your disposable income, with your employer garnishing wages and sending them to the creditor, you could lose valuable property, or worse, even lose control over your financial accounts.
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.