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Collection Lawsuit? Three Main Points to Consider

main points
  • Dec 24 2020

As coronavirus continues to take lives around the world, with positive diagnoses increasing in terrifying numbers too, we are living in very strange times. Worrying about staying healthy, being there for your family, and keeping loved ones safe can be enormously stressful; however, health issues are usually accompanied by financial difficulties too. This is certainly true for most citizens in the US as over 50 million have been struck down by unemployment—not to mention the massive numbers struggling with COVID-19.

Just as we must take care of ourselves physically however, we are still stuck with taking care of all the usual life responsibilities like keeping a roof over our heads, buying groceries, paying for utilities, prescriptions, and what may seem like an ongoing list of more, more, more. This is especially painful when there is no income at all and what little you do have in terms of savings or an emergency fund is pouring out rapidly.

One of the most common problems assailing consumers in the US right now is the necessity to use credit cards for alternative income, without a way to pay them off. If a healthy—and unused—limit is all you have in front of you to survive, it is understandable that you could have fallen into significantly more debt. And while creditors may be sympathetic up to a point, before too long to see their debts satisfied, even if they have to sue you in hopes of getting paid.

If you are being sued by a creditor or debt collection agency, consider these main points:

  1. Ignoring the legal action is the worst thing you can do! Unfortunately, most people being sued by companies like credit card corporations don’t know what else to do so they just avoid the problem by sweeping it under the rug and walking away.
  2. Respond to the summons and complaint in timely manner so that a default judgment is not granted against you, leaving you to worry about decades of being chased to satisfy what could be sizeable debt.
  3. Discuss the most realistic action with your attorney, whether you should fight in court or attempt to negotiate a lump sum payment. Although that may seem challenging to pull together, you may be able to pay off the debt for just pennies on the dollar and be rid of the problem for good.

If you have been served with a summons and complaint by a creditor, do not delay in getting skilled legal advice from a collection lawsuit attorney at Fitzgerald & Campbell, APLC now.

We are here to help! Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, default judgments, and more. Click here to schedule a free 30-minute consultation, or call us at (855) 709-5788, or email us at info@debtorprotectors.com.

Posted in: Collections lawsuit, Judgments