In the Danger Zone with Delinquencies? Act Quickly!
Unfortunately, many consumers today may feel like they are in the danger zone financially on an hourly, daily, weekly, monthly, and even constant basis; however, your life does not have to remain that way, and especially if you are being chased and harassed by debt collectors and creditors constantly.
While you may be considering filing for bankruptcy or even just giving up altogether as far as finances go, you do have options, and there are ways to quiet those creditors and get back on your feet. With the help of a skilled attorney, you may be able to negotiate many of your debts, and pay them off at extremely discounted sums. Such action may seem counterintuitive for a company trying to turn a consistent profit, but many debt collectors and predators are willing—and are smart enough—to accept a bird in the hand, giving you a good deal, receiving some payment rather than no payment at all, and getting the debt off their books. They may even agree to a new, extended monthly payment plan.
If you have already been served with a collection lawsuit, however, the situation has grown more dire. Usually delivered by a private process server or perhaps a deputy, the summons and complaint not only details what amount the creditor alleges you owe them and over what time period, but more importantly, sets a deadline for replying to the lawsuit. This is usually 20 to 30 days, and take heed, as following through with replying could make or break your chances for getting back on track financially.
While most debtors do fail to reply to the collection lawsuit, you do not need to linger in the majority, just waiting to find out that an even worst fate has been launched against you with the granting of a default judgment. In replying to the collections lawsuit, you can stave off further negative repercussions, along with launching a defense in court, which may be much easier than you think to win, often just requiring nothing more than asking for proof of their standing to sue you.
Although a default judgment is not the end of the world, such legal action can be more difficult to deal with than you may realize, which is why the reply is so very important. The default judgment can mean massive interference into your current financial affairs, beginning at your place at employment as the creditor can quickly begin having your wages garnished significantly—up to 25 percent of your disposable income. They can also levy bank accounts and assets, making life miserable until the debt is satisfied.
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.