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Creditor Lawsuits May Leave You Wondering Where to Turn

creditor lawsuits
  • Jun 26 2019

As utility bill rise higher in the summer causing many consumers to worry and hustle to pay for the essential bills, they may also fall behind on auto payments, credit cards, and are left to worry about the rent or mortgage—and huge student loan debt, along with creditor lawsuits. If this is happening to you, the financial situation may begin to appear overwhelming, and in some cases even hopeless. Unfortunately, the worst thing you can do is continue to let time pass. Consulting with a skilled debt protection attorney from a firm like Fitzgerald & Campbell, APLC will allow you to work on a permanent solution—and get back on the path to success.

Credit card debt is often the precursor to collections lawsuits. Your relationship with the creditor probably began in a completely upstanding manner, with them chasing you for your business, and you being thrilled to have an account with low interest and a chance to build your credit score. As is too often the case though, credit cards, late payments, and maxed out balances can end up being a nightmare.

Credit card companies are notoriously litigious—mainly because they have the resources to be so—pumping out thousands of collections lawsuits every year against defendants with little to no money to pay them back. If you are served with a collections lawsuit though, is critical that you speak with an attorney and file a response as soon as possible. You may be interested in negotiating with the creditor too, and your attorney may be able to work out a flexible deal with a lump sum repayment or even new monthly payments without interest, or even at a discounted rate altogether until the debt is satisfied.

Do not try to deal with aggressive creditors on your own—and especially if you are being sued. Handling a collection lawsuit responsibly, with attention to good legal care, means avoiding a default judgment which can result in much bigger headaches. Although a default judgment attorney will be able to help you fight such action, if the creditor is left to wield their new power of you, it could mean that you lose up to 25 percent of your disposable income in garnishments, lose control of your financial accounts, and even watch your property seized by law enforcement to be sold at public auction.

If you are concerned about impending creditor lawsuits or fighting a default judgment, consult with an experienced law firm like Fitzgerald & Campbell, APLC as soon as possible. A solution can be found to help you through any of these issues, even if a judgment has already been granted.

Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, default judgments, and more. Let us review your case and discuss what would work best for you. We are here to help! Call us today for a free consultation at (855) 709-5788 or email us at info@debtorprotectors.com.

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Posted in: Collections lawsuit