Default Judgment Just Leads to Worse Collections Activity
If you have become deeply entrenched in debt, you may be stressed, but also feeling somewhat helpless–especially in the face of so much collections activity. It may not help all that much to know that you are not alone, but that is the truth as increasing consumer and household debt reach historical highs in the US. This is leading many consumers and borrowers to suffer at the hands of creditors and debt collection agencies who may not be all that flexible when it comes to delinquencies.
Medical bills top the list for forcing consumers into what may feel like an unreasonable amount of debt; after all, the bills may be astronomical after an unexpected illness or an accident like a car crash or a motorcycle wreck, leading to many months or even years of recuperation. The sheriff may come knocking with a collection lawsuit, and that is standard for any company filing a lawsuit, but it is normal to feel a bit shaken up after having legal documents delivered to your door. It is not something to take personally though, and your next step should be to contact an attorney immediately to help you formulate a reply.
A response truly is necessary to protect your financial future, and although you may just want to sit back and let the legal process take its course—allowing a default judgment to be granted against you can make your life uncomfortable. If you are working, you may have to deal with the embarrassment of having your wages garnished, with your employer being alerted to your financial issues and then being instructed by court order to send up to 25 percent of your disposable income to the creditor.
The default judgment also means that the creditor can work with your bank to put a hold on your checking account, freezing it until the debt is satisfied. And it only gets worse, as they may also send out local law-enforcement to seize property. Rather than deal with these hardships, begin working with a legal professional as soon as possible. While dealing debt may be tough in some cases, as soon as you begin weighing out your options and make important choices about your finances, your outlook on life should begin to improve rapidly.
If you are finding it difficult to pay your bills, or are being sued, or have judgments granted against you, contact us at Fitzgerald & Campbell, APLC. We can review your current situation and discuss your options with you, whether that means fighting in court, negotiating a settlement, filing for bankruptcy, or more. Our attorneys have decades of experience representing clients in all types of financial matters, and we are here to help you! Call us today for a free consultation at (855) 709-5788 or email us at email@example.com.
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Posted in: Judgments