Debt, Delinquencies, Default Judgments: Seek Expert Legal Advice Regarding Your Finances
For some consumers, debt begins with that first credit card. You can probably remember the first account you applied for, received approval on, and were given a relatively small balance to start out with. Most of us don’t plan to get a credit card and start running it up to the max right away—or ever. Life, and so many different surprises—not always of the good kind—often have different plans for the way we will be forced to rely on credit though. You may have planned to set that card aside as an ‘emergency only’ fund, backup for Christmas, or help with next year’s vacation. In the meantime, an illness, accident, loss of job, divorce, or other life event may have put serious restrictions on your income, causing you to use every bit of spare credit available as income.
As financial distress commences, delinquencies on credit cards or other loans may occur. And while you may be able to handle one or two delinquencies, making them up the next month or working out a plan with the creditor, if you are dealing with an avalanche of debt—and threats from debt collection agencies—it is time to consult with a skilled debt protection attorney from a firm like Fitzgerald & Campbell, APLC.
Try to get your debt under control as quickly as possible, even if you must work with your attorney in negotiating debt settlements or filing for Chapter 7 bankruptcy. If threats have already progressed to a collection lawsuit though, discuss your best options with your attorney, including filing a response. This is crucial to avoid the possibility of having a default judgment filed against you, leading to further trouble such as wage garnishing, freezing of bank accounts, and selling of your property to satisfy the debt.
It’s scary enough to see the late bills and late charges piling up, but if a judgment has been filed against you, things have escalated to the point where you need expert legal advice—unless you are comfortable with the possible repercussions of a creditor who has gone from being unsecured to secured and has the power to make your life even more uncomfortable financially.
If you are concerned about escalating debt and threats from creditors and debt collectors, contact Fitzgerald & Campbell, APLC now. Our experienced attorneys will be glad to review your case and discuss all the available options with you. We are here to help! Call us today for a free consultation at (855) 709-5788, or email us at firstname.lastname@example.org.