Like many other Americans, you may have been struggling with debt issues far before COVID-19 reared its devastating head—leaving millions sick and hundreds of thousands dead in the US. No one could have expected what lay ahead after ringing in the New Year in 2020, as health was affected, but equally so were finances.
While worries over contracting the coronavirus lay at the forefront, not only in the US but for nearly other country too, concerns over money became almost immediate due to the massive layoffs and closings. As weeks stretched into months, it became clear that many jobs simply weren’t coming back and long-established businesses and restaurants weren’t going to be opening again for a long while, or perhaps ever again at all.
You may be worried about credit card debt or medical debt that was already left unpaid prior to 2020, however, like the only option for so many others, it could have been your only way to push past economic troubles during COVID-19. Many Americans were left to struggle with small amounts left to charge on credit cards while others may have gone from zero to maxing out limits in a very short time.
Recent news shows that while many are beginning to recover, about 44 percent of Americans think it will take several years for their finances to recover.
“Lower-income adults, as well as Hispanic and Asian Americans and adults younger than 30, are among the most likely to say they or someone in their household has lost a job or taken a pay cut since the outbreak began in February 2020,” states the latest from Pew Research. ‘Among those who’ve had these experiences, lower-income and Black adults are particularly likely to say they have taken on debt or put off paying their bills in order to cover lost wages or salary.”
If you are worried about delinquencies left over from before, during, and after 2020, you are not alone. The issue becomes much more serious, however, if you are being sued. With the arrival of a summons and complaint via a private process server, that means you have 20 to 30 days to respond to the lawsuit. While you can write a reply on your own, the wording is extremely important. This is why it is highly recommended that you work with an experienced collection lawsuit attorney from a firm like Fitzgerald & Campbell, APLC not only to answer the lawsuit but also to create a defense.
Without any action at all, you put yourself at risk for serious headaches that have the potential to be long-term—from wage garnishments to seizure of property.
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.