Debt Lawsuit and Debt Resolution Strategies in the News
Bookmark this page for the very latest in consumer protection laws and strategies to protect you from a potential debt lawsuit. The experienced debt defense lawyers at the GM Law Firm will update this page often with insightful debt defense strategies and advice for the best way to protect against harassing debt collectors or fight illegal debt collection practices.
We specialize in all forms of debt defense strategies related to credit card debt, private student loan debt and medical debt.
If you have any questions about your current debt situation and what you can do hopefully get your dent dismissed, please contact the GM Law Firm today for a consultation.
In these days of aggressive online shopping and tempting cash back programs, it seems that credit cards have replaced the bald eagle as America’s symbol of freedom. However, with that perceived “freedom” comes things many people don’t think about when making purchase after purchase — the hangover of interest and debt that comes with being a credit card junkie. Credit card debt in the United States has reached an all-time [...]
Debt of all kinds is one of the most burdensome problems people in the U.S. face. By the end of summer 2020, personal debt held by Americans was pushing $56 trillion. Much of that debt lies in three continually escalating sectors: credit card debt, medical debt and private student loan debt. As the debt ceiling continues to rise for most US citizens so do the chances that your debt could [...]
Credit card debt is one of the biggest issues facing Americans today. Credit card debt exceeded $413 billion in 2020 with no signs of slowing down. As credit card debt continues to rise, especially as more people shop virtually than ever before, the number of people faced with a credit card debt lawsuit will also grow exponentially. Ignoring the problem will not make it suddenly disappear. In fact, as debt [...]
Many forms of debt can be controlled through anticipation. Credit cards and student loans are necessary evils that you can often forecast and hopefully budget for proactively. Medical expenses, on the other hand, are often bills that emerge suddenly and cannot be ignored, particularly if they are life and death scenarios. And while getting healthy is the short-term goal, the long-term result can be big medical bills that grow and [...]
The good news for American consumers is that the average US household income has risen over the past decade. The bad news is that so has the average debt based on rising credit card debt and medical debt among other sectors. Credit card debt has risen by over 20% in the past five years, and the balance of those cards is projected to hit $414 billion by the middle of [...]
The stress and anxiety of falling into debt can overwhelm a person’s life both financially and emotionally. The deeper the debt, the deeper the depression which makes logical or rational thought more impulsive and often desperate. Consumer debt was approaching $14 trillion after the second quarter of 2019, according to the New York Federal Reserve. As Americans try to scratch and claw their way out of debt, many often seek help [...]