People that are in debt get lots of mail from creditors, collection agencies, and finally lawyers. After a while, they stop opening it, knowing that it is going to be bad news that they can't do anything about. They stick their heads in the sand.

Unfortunately, ignoring a problem never makes it go away, and what you don't know can hurt you a lot. This is especially true when it comes to debt collectors. Eventually, creditors will bring suit, get a judgment, and then look to collect on it in the form of a bank levy or a wage execution.

Resolving Debt Early On Is Better

Although it is possible to resolve debt problems that have gotten this far, it is much easier to do it earlier on in the process. This is because:

  • Creditors might well take less in a lump sum if they don't have to share it with the collection agency or the lawyer to pay their fees (or those fees won't be added to what you owe if the agreement with the creditor makes you responsible for collection costs).
  • They might be more willing to take a monthly payment that is lower than the wage execution rate if such an execution (and the establishment of cash flow for same) is months away. In other words, less per month starting now is better than more per month starting later.
  • You can avoid the major disruption to your life that a wage execution or bank levy can cause.
  • Once a wage garnishment is in place, all options other than a lump sum payment are usually off the table.

These days, whether it is credit card debt, medical bills from an unexpected illness or injury, or a student loan, when the dogs start barking, they all bark at once. If you are in a situation like this, the sooner you contact me the better.

Can I Help?

I have helped many people deal with mounting debt, and working towards a solution is the best cure for the stress that overwhelming debt can cause.

If you live in Burlington, Camden, Gloucester, Salem or Cumberland County and want a lawyer to represent you against your creditors, call my office at 856-432-4113 or contact me through this site to schedule an appointment to come in.

I have represented creditors for many years and am familiar with the collection industry and how it ticks. Put my experience to work for you!

If your debt situation goes beyond one or two creditors, however, and you are wondering whether you need a solution to a bigger problem, then download my free book, Am I In Too Deep? A Guide to Knowing When You Need to File Bankruptcy in New Jersey to find out if bankruptcy might be the solution. You can also take the quiz to the right!

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Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.

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