Chapter 13 Attorneys in Pensacola, FL Are Warning Clients Regarding Credit Card Debt
January 26, 2021 at 21:16
Pensacola, Fla. – Due to the coronavirus pandemic, many individuals have turned to credit cards throughout the past year. Unfortunately, many are now seeing the ugly outcome of built-up credit card debt. Lewis and Jurnovoy, chapter 13 bankruptcy attorneys in Pensacola, FL, are warning clients to beware of credit card companies beginning to file lawsuits on debtors again after a long period of reluctance to do so.
Bankruptcy lawyer Martin Lewis states: “It is important for people to be able to identify warning signs that they may have financial problems, such as credit card debt or credits calling for collection.”
Credit card debt is difficult to pay back. Making minimum payments often makes for an extremely lengthy process. When a credit card company files a lawsuit against a debtor, they request legal judgments so that they can garnish bank accounts, garnish wages, or take away assets. Many people who used credit cards during the pandemic have not experienced aggressive creditors because creditors have been reluctant to push during the difficult year. However, as creditors get more aggressive, those with built-up credit card debt will be in for a shock if they have not prioritized paying it off. With credit card bills from the holidays beginning to strike, debtors should keep a close watch on their individual financial situations.
“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,” says bankruptcy lawyer, Steven Jurnovoy.
Martin Lewis and Steven Jurnovoy have been helping people file for chapter 13 and chapter 7 bankruptcy since 1998. Whether a client is struggling with credit card debt or various other sources of debt, Lewis and Jurnovoy can help. They serve clients across the Florida Panhandle in Crestview, Panama City, Pensacola, and Fort Walton Beach. For more information, give them a call at (850) 409-3350 or visit their website at lewisandjurnovoy.com.
For more information about Lewis & Jurnovoy, PA Pensacola, contact the company here:
Lewis & Jurnovoy, PA Pensacola
1100 North Palafox St
Pensacola, FL 32501