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.
Debt lawsuits are, sadly, becoming more and more a part of the American consumers’s daily struggles. Fortunately, there are strategic ways to defend against a debt lawsuit if you have the wherewithal or proper legal debt specialists to help navigate through the murky waters of such lawsuits. There are nearly 7000 debt collection agencies in the United States with well over 71 million people experiencing debt that are in collections. [...]
We haven’t seen a rush and crush on medical bills like we’ve had the past year since the Spanish flu pandemic of 1918 which took at least 20 million lives worldwide and nearly 700,000 Americans. In those times, we didn’t have the health insurance options that Americans are fortunate to have access to today. But that doesn’t mean that even with insurance medical bills can’t snowball in a hurry. With [...]
It’s one of the most special and exciting times in a young person’s life. The decision of what to study and at what university or other higher learning institution to study it. So many decisions that will have a great impact on the rest of your life. But like any major decision can come grave consequences. When most students decide on their school of choice, they often don’t consider the [...]
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 [...]
Negotiating is a strategy used in almost every aspect of life. Kids negotiate with their parents for extra curfew time. Spouses negotiate with their partners over trash and dog walking duties. Workers negotiate with their bosses for a better office and higher wages. And everyone negotiates with a higher power for a longer life. Credit card companies are no different. They can be our best friend (offering cash back rewards [...]
Credit cards are perhaps the most stealth enemies of finances ever created. Think about it….you pull out a piece of nondescript plastic whenever you make a purchase that almost feels like you’re playing with funny money. But then there’s nothing so funny at the end of the month when the statement comes and all those transactions have piled up. Therein lies the next sneaky credit card feature: the minimum balance. [...]