As over 40 million individuals in the US file for unemployment during the pandemic, the economy—and life as so many of us know it—remains on shaky ground. If you lost your job recently, or had your hours cut to the extreme, you are probably very worried about how to proceed; in fact, like so many others in the US right now, you may not feel like there are many choices for moving forward at all. Ironically though, there may be more options open than ever before as lenders, creditors, and finance companies are forced to become more flexible in the face of a worldwide viral pandemic—and economic crisis for many.
Significant debt could have already been accruing for you prior to the COVID-19 outbreak due to issues like illness or an injury, a family crisis or divorce—or as is so common today, crushing credit card debt or student loan debt. While these issues, and others, to include medical debt, threat of home foreclosure, or car repossession are obvious and major concerns, the threat of a deadly virus affecting your family or yourself has probably superseded much of the anxiety you previously felt about pressing debt. Now for many though, the most important priority is keeping food on the table and making sure that dependents are cared for properly.
If you are worried about mounting delinquencies or defaults, this is not the time to go it alone in terms of dealing with creditors and debt collections agencies. As soon as restrictions are lifted, they will all be back in full force, hoping to see debts satisfied as quickly as possible; however, this also means that they may be more willing to negotiate than ever. With the help of a skilled debt protection attorney you can work on deferring bills—including student loans—reorganize payment schedules, and even pay off some debts if possible with heavily discounted lump sums. While filing for bankruptcy may be the best choice for some, in other cases you may want to speak with your attorney about replying to and defending a collection lawsuit or fighting a default judgment with a motion to vacate.
Contact Fitzgerald & Campbell, APLC now. Let us review your case and discuss what would work best for you. We are here to help! Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, default judgments, and more.
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 email@example.com.