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Credit Card Debt: Pulling it Together After the Damage of 2020

woman hands holding credit cards and using calculator

Credit card debt can mount up insidiously, as you may know after making your way through 2021. For many, it was nearly impossible to get through with their health (and that of their families) intact, much less with their finances too—especially with medical debt piling up too. Unfortunately, unemployment began to affect millions of people, and quickly so. If you had your hours cut or completely lost your job, you may have been at a loss for solutions to get by.

With months of no income piling up but all the typical bills still coming in, you may have found yourself charging credit cards up to the max out of sheer necessity to survive. This was a common theme for 2020, with credit cards suddenly becoming a new and alternate form of income. The problem is that they get run up to the max very quickly—and creditors want to be paid back fairly quickly too. As the economy and job markets begin to improve though, consider ways to deal with credit card debt now—and that begins with paying down debt. Using stimulus checks is a great way to make a dent in significant balances that may have been incurred, along with starting to chip away at debts that have the highest interest.

All the while, keep making whatever payments you can on other credit cards and debts, avoiding late fees and additional interest. If you had to cash in some of your retirement funds or just stopped contributing, this could be a good time to start looking at ways to pump them up again for the future. If, however, you are still struggling and worried about delinquencies and defaults, speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible.

This is especially important if you have been served legal documents in the form of a summons and complaint, and have a court date in the near future. If you are being sued, contact an attorney now to avoid the possibility of having a default judgment granted against you, which could result in the following: wage garnishing, levying of property, or freezing of checking 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

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