The COVID-19 pandemic has affected the lives of millions of US citizens. Not only has the virus resulted in widespread illness and death, but it has virtually shut down the economy. This economic shutdown has caused many people to lose their jobs, rendering them unable to pay their debts. Thus, it is no surprise that debt collection lawsuits have increased as COVID-19 has wreaked havoc on the American economy. If you’re facing a debt collection lawsuit due to the COVID-19 pandemic, you should contact a California debt collection defense lawsuit attorney for immediate assistance.
Other Factors
There are other factors that may play a role in the increase in debt collection lawsuits when combined with the impact from COVID-19, such as illness, serious injury, divorce, separation, and burdensome student loans. In other words, individuals who were dealing with financial issues prior to the outbreak of the coronavirus are almost certainly feeling the added financial strain of COVID-19.
Age Considerations
Those who tend to be the most affected by the financial aspects of the COVID-19 pandemic tend to be those in their 20s, 30s, and 40s, as people in this age range tend to have more credit card debt than older adults. In addition, older adults tend to be more financially stable in general, leaving those in the aforementioned age range at particular risk of debt collection lawsuits.
Those Facing Debt Collection Lawsuits Should Seek Legal Assistance
Anyone who has been served with a debt collection lawsuit in the wake of the COVID-19 pandemic should seek legal assistance as soon as possible. Particularly during this trying time, it is critical to respond to a debt collection lawsuit before it results in a default judgment. The possible consequences of a default judgment include property seizures, wage garnishments, and the levying of bank accounts.
Contact a California Debt Collection Lawsuit Defense Attorney
The coronavirus pandemic is affecting people all over the United States. Not only is it causing serious health problems and death, but it’s also creating serious financial consequences for those who are unable to pay their bills due to widespread business closures. If you’ve been sued by a debt collector in California as a result of the COVID-19 pandemic, you may need an experienced California debt collection defense lawsuit attorney on your side. At the Fullman Firm, we have over 40 years of combined experience defending California residents against debt collection lawsuits, and we take pride in helping consumers fight back against aggressive debt collection agencies. When we take on your debt collection lawsuit case, we’ll explore all of your options and work closely with you to develop the most effective strategy possible in your California debt collection lawsuit. Please contact us today to schedule an initial consultation with one of our experienced California debt collection lawsuit defense attorneys.
