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Credit Card Lawsuit: The Worst Thing You Can Do is Act Like It’s Not Happening

credit card lawsuit
  • Jun 28 2019

You may procrastinate regarding different tasks, and for many reasons; in fact, most of us have suffered from this bad habit at one time or another. If you are dealing with significant debt issues, however, and feel tempted to put them off rather than taking the bull by the horns, the situation will only grow worse.

You certainly are not alone either, as a growing percentage of consumers in the US today are stricken with overwhelming household debt. Unfortunately, student loans have a lot to do with an unhealthy burden being carried by younger borrowers too, who may be earning an income that is now primarily being handed over to private loan servicers—and after paying all the basic bills, there simply may not be enough left over to live, much less open a business or continue to pursue the career or once hoped for direction in entrepreneurial endeavors.

If your financial situation has been shaky to begin with, all it takes is one devastating personal blow and you might find yourself considering filing for bankruptcy, whether due to a medical emergency, unemployment, divorce, or other serious, and often unexpected issue. It is tempting to give in and just pull the blankets over your head, hoping to stay there until the dust settles, but that could be a very long time, and during the interim, your credit could be ruined, default judgments could be filed against you, and the repercussions can be extremely uncomfortable.

The majority of consumers and borrowers in the US who are faced with debt and collections lawsuits do nothing at all, which is why default judgments are often also referred to as automatic judgments – and they are no joking matter. Although procrastination may feel right at the moment, and offers a sense of comfort when you are dealing with upsetting financial times, the best way to set your life back on track is to act swiftly with the help of a skilled attorney.

Putting action off often stems from anxiety, uncertainty, and a lack of direction. You may simply not know what to do when faced with a summons and complaint from a credit card company, for example, or a private student loan servicer threatening all sorts of consequences if you do not pay up. You may also feel helpless due to a lack of income to satisfy debts. In the face of a collection lawsuit, the worst thing you can do is not to respond. With the help of your lawyer, you can reply and even launch a defense in court. If you don’t think that is the best option, negotiating – even at the last hour, is often an option.

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, Credit Card Lawsuits