A Court Judgment is Public Record
Debt is at an all-time high in the United States, and although many financial analysts are not worrying too much yet, there is concern as consumer and household debt rise to historical highs. The average household is carrying a mortgage, student loan, auto loan, numerous forms of credit, and usually some medical debt too—and this can be the catalyst for throwing far too many consumers into filing for bankruptcy.
Although it may get difficult to make the basic payments like the mortgage or the rent, credit card debt is where hundreds of thousands of lawsuits come in to play each year. Like many others, you may be so busy trying to keep your home out of foreclosure or the car from being repossessed that you let the credit cards slide. Often this is not because you are oblivious to the bills, but simply because there is no money to pay them and they must go to the end of the priority list.
Many credit card companies and debt collection agencies are aggressive about trying to see their debts settled; and while yes, they may indeed realize that you have no money now, they know you could have some later—and getting the judgment now, with it lasting for ten years and then a potential renewal for another ten is in their best interest, unfortunately. Think about what you might be doing in the next two decades and realize that they will keep trying.
A court judgment or default judgment is a matter of public record. And while falling into such financial disrepair can be embarrassing, chances are you have a much larger problem than worrying about what the neighbors think (and inevitably, they have had or will have their own financial issues too). If you have found out you are being sued, it is critical to call an experienced attorney from a firm like Fitzgerald & Campbell, APLC as soon as possible. Do not ignore the lawsuit, as tempting as that may be. Working with your attorney on creating a reply and launch a defense—or you could even open negotiations at that late hour and close out the debt at a highly discounted sum.
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 firstname.lastname@example.org.
Posted in: Judgments