Crestview, Fla. – Many clients are starting to see the outcome of credit card debt due to life circumstances. This year many have turned to credit cards more than ever before due to the coronavirus pandemic. Local bankruptcy lawyers, Lewis and Jurnovoy, warn clients that credit card companies have been reluctant to file lawsuits on debts due to the coronavirus; however, credit card companies have started ramping up lawsuits for debtors.
After credit card companies file lawsuits, they request legal judgments that would allow them to garnish wages, garnish bank accounts, or seize assets. Credit card bills from the holiday seasons are starting to hit, causing minimum payments to go up to an amount that clients cannot afford. Debt on credit cards or many credit cards could be a warning sign of major finical problems even if clients are making the minimum payment. Credit card debt is extremely hard to pay off. Simply making minimum payments will take forever to pay off due to extremely high-interest rates. Clients who cannot pay off their credit card balance have a real problem, especially if they use it for necessities.
“It is important for people to be able to identify warning signs that they may have finical problems, such as credit card debt or credits calling for collection,” stated Martin Lewis.
Financial problems with credit cards are often caused by life's issues, and they do not disappear but accumulate instead.
“Recognizing warning signs is the best way to know you need help and to visit a bankruptcy attorney to determine your options for getting out of your finical hole. If you are struggling the best time to call is now,” stated Steven Jurnovoy.
Lewis and Jurnovoy are dedicated to helping those in finical trouble find the best solution. Lewis and Jurnovoy offer assistance with a variety of issues, including debt consolidation, chapter 7 bankruptcy, chapter 13 bankruptcy, mortgage modification, and overall debt relief. The lawyers are currently accepting telephone appointments for those concerned with the spread of COVID-19. For more information, give them a call at (850) 409-3350 or visit them online anytime at www.LewisandJurnovoy.com.
SOURCE: Press Advantage [Link]
The primary emphasis of our law firm is in the representation of individuals in Chapter 13 bankruptcy, Chapter 7 bankruptcy,mortgage foreclosures, mortgage modifications and protecting against abusive debt collectors.
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