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Collection Lawsuits & Default Judgments May Leave You Feeling Attacked from Every Direction

  • Jul 5 2019

Debt can affect your life in so many ways, and issues like default judgments make it much worse. Along with keeping you up at night, and forcing you to give up many things you and your family might normally enjoy, money issues can also result in other severe stress, both physical and emotional. And while there are many things in life to worry about, money is usually number one on the list for most of us. Consumer debt and household debt continue to reach new highs in the US, with mortgage debt and student loans weighing heavily on many, along with the other usual items to be paid for too like vehicles (often more than one in a household) and credit card charges.

Stress over money can be a killer though, literally, leading to many physical issues, including heart issues and stroke related to mounting high blood pressure, as well as significantly lowering your immunities. Extreme anxiety and depression are common too; after all, it is very hard to feel good, when your income has dwindled, going out or buying new things is an impossibility, and you may feel like you are letting everyone down—especially if you have children who may be requesting to pay for a variety of different activities and purchases. In the background too, of course, debt collectors are hounding mercilessly.

The damage to your financial health may be alarming at the onset, but your entire future may be at stake too. To make matters much worse, delinquencies and defaults may unfortunately develop into collections lawsuits, usually signified by the arrival of a private process server or sheriff at your door, serving you with a summons and complaint. If such action is not responded to within 20 to 30 days, and if you have not consulted with an attorney or shown up in court, the creditor could be granted a default judgment almost automatically.

If you have a job, the situation may become further distressing and even embarrassing as the creditor has your wages garnished by up to 25 percent of your disposable income. Not only is this usually difficult to handle budget-wise, but most of us do not want our employers involved in our financial or legal matters. The situation can become further embarrassing when financial accounts are frozen, or law-enforcement shows up to seize property and sell it off at public auction. If you have cosigners on loans for student debt or your home or car, the situation can grow even more awkward as debt collectors may choose to begin harassing them after they discover that you are no longer a good target.

We can help you explore your options if you are being sued or a judgment has been granted against you. Our attorneys have decades of experience in serving clients with similar financial situations. Let us review your case and discuss what would work best for you. We are here to help! Call Fitzgerald & Campbell, APLC today for a free consultation at (855) 709-5788 or email us at info@debtorprotectors.com.

 

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Posted in: Collections lawsuit