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Bankruptcy & Debt Legal Articles
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Even the most responsible financial planner may not be able to account for a sudden illness or accident. When medical bills result in a collections lawsuit or default judgment, where can you turn?
It's tempting to let financial issues fester; confronting debt collectors head-on can be stressful, embarrassing, or even traumatic. No matter your situation, it is in your best interest to consult an experienced collection lawsuit attorney ASAP. You don't have to live in fear!
Studies have shown that the growing student loan bubble has effectively moved the goalposts of success for young people in the United States. It's not that millennials don't want to own homes, businesses, or cars; they simply cannot afford them.
While there are distinct differences in how credit card companies and private student loan servicers typically operate, they are similar in that they may serve a delinquent debtor with a lawsuit at any time.
While the student loan crisis is affecting groups of all ages and backgrounds, millennials are unquestionably being hit the hardest. Many are so financially strapped that starting a family or a business is totally out of the question.
Time is of the essence any time a lawsuit reaches your doorstep, but it's just as important to be thoughtful in your response as it is to be quick. With the right representation, you should get the best of both worlds!
As parents, it's only natural for us to want to see our children succeed. However, by co-signing on expensive student loans without the proper budgeting and preparation, have you opened your family up to serious consequences down the line?
Dealing with a collections lawsuit is seldom the time for a do-it-yourself solution. If you have been sued, or are concerned about being sued in the future, it's never too early or too late to ask for help!
Recent studies show that the average household is in over $135,000 of debt. Even without the added personal strain of an accident or illness, many consumers are living paycheck-to-paycheck, teetering on the edge every month when it comes to their budget.