Holiday Bills; Now What?
So, you’ve spent more money than you anticipated spending during the holiday season. You have a couple options if you have spent more money than is coming in. First, you could let the bills go into default and eventually they will be passed onto a collections agency. You could refuse to pay the bill once a collection agency receives it hoping that they will violate federal law and you will recover money from my law firm. However, its likely that the money that you will recover will be much less than the damage that you’ll be doing to your credit health.
Your other option is Bankruptcy. I have a lot of clients of mine where myself or one of my Attorneys are forced to have a difficult conversation with them. Just because I’ve been able to win them money for the harassment that they have experienced doesn’t help their debt situation; its only a band-aid. I often speak with my clients and discuss how they ended up defaulting on a particular account. The most frequent answers are job loss, divorce, or unexpected medical bills. If one of their bills have been turned over to a collection agency, its likely that they have other bills that are past due as well. Many people are psychologically adverse to bankruptcy and tend to tense up when I begin to discuss it with them. Bankruptcy is an ideal, once and for all, solution to dealing with debt collectors; it forces them to go away. Although I love repeat clients, I care more about my clients’ financial health. As such, if you haven’t considered it before; think about Bankruptcy. Log on to www.legalhelpers.com and learn more about Bankruptcy. Call one of our bankruptcy specialists and get your questions answered. There is a saving grace out there; all you need to do is take advantage of it.
Jeffrey Hyslip
