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Pre-2020 Financial Woes Add to Credit Card Debt

man and woman on couch holding phone, papers and credit card

There was no shortage of debt in the US prior to COVID-19; however, as a worldwide pandemic began to make itself known—and then became a very serious problem to say the least—perspective shifted drastically. The federal government stepped in immediately to offer deferments on student loans actually owned by the government, leaving many federal borrowers ineligible and surprised, and completely sidestepping private student loan borrowers.

As consumer and household debt continued to reach historical highs prior to COVID, there was growing concern about what would happen in the near future. Unfortunately, no one could have possibly predicted the devastation to health and finances as tens of millions of Americans eventually contracted the virus, and in spring of 2020 and in the months that followed, tens of millions of workers also lost their jobs.

Both health and financial tensions have made life difficult for so many people, but there was at least a brief respite for most in terms of debt collections and evictions being put on hold. During this time though, medical debt ramped up exponentially. If this was the case for you, whether you or family members became ill, you may be considering filing for bankruptcy. Not so fast though, and although it might seem like the only way out, consider how ripe the current financial climate is for negotiating with creditors and debt collection agencies.

And while you may not have been out on spending sprees with the credit cards, hiking up personal debt while giving in to wild temptation, for far too many individuals, credit cards had to be used as an alternative form of income just to get by. We all know how easy it is to run them up to the max though—and very difficult to pay off. If you are concerned about growing debt, delinquencies, or defaults, speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible.

Seeking legal expertise is even more important if you have been served with a summons and complaint notifying you of a collection lawsuit. It is imperative to reply within the allotted time (usually 20 to 30 days) and to work with your attorney on a defense. Without any attention to the matter, you could find yourself in even more difficulty with a default judgment granted against you.

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 issuesbankruptcy, 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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