Spring of 2020 and going forward have marked tough—and strange—times. For millions of Americans, life prior to COVID-19 was moving along with kids going to school, parents going to their jobs, people enjoying eating out, vacations, and the usual. That doesn’t mean that debt wasn’t already lurking in the background though, and for some, it was already an enormous concern.
It’s impossible to ignore problems that were already growing in terms of consumer and household debt, including the student loan crisis, with a cumulative debt of over $1.64 trillion affecting over 45 million borrowers; however, with a viral pandemic causing restrictions, shutdowns, and lockdowns, lives not only became complicated, but many were lost altogether.
Unfortunately, health problems and money problems tend to accompany each other, leaving many to consider filing for bankruptcy when it seems like there is no other way out. There are other options available, and if you feel like your finances have escalated to this point, it is time to consult with an experienced debt protection attorney from Fitzgerald & Campbell, APLC as soon as possible. While trying to deal with these types of problems alone is never a good idea, that is more true than ever today as tens of millions of US citizens try to cope with unexpected employment.
Debt may be growing in the face of no income with credit cards being used as an alternative form of income (and one that runs out very fast), along with delinquencies. For all too many people today though, it is the older debts that are coming back to haunt them. With creditors and debt collectors back in action, courts are expected to be clogged in terms of collection lawsuits and default judgments too. If you have been served with a summons and complaint, it is critical that you respond as soon as possible.
Speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible to examine your options. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include student loan issues, bankruptcy, and other debt management processes. We are here to help! Click here to schedule a free 30-minute consultation, call us at (844) 431-3851, or email us at info@debtorprotectors.com.