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Debt collectors can cause significant anxiety. When you get so behind on payments that you ultimately resign that you cannot pay and block the calls as they come in, will they ever just go away? What is the worst that can happen? What is most likely to happen?

Like many diseases and unpleasantries in life, if you ignore debt collectors, they aren’t likely to go away. Collecting debt is their profession, and they come equipped with ways to do just that.  After about six months of no payment and no communication, a debt collector usually steps up the game. If you owe somewhere in the hundreds, you may never see a judgment against you. However, if you owe somewhere in the thousands, you can almost expect one.

If the debt collector does pursue a lawsuit to get the money, you can expect a final demand letter which serves to also warn you of what action is being taken against you should you still not heed the demand. A summons comes next and is served via certified mail or in person. You will want to go to court when the date is set, by not going, the judge can typically only make a default judgment, and the collector will likely go after wage garnishment as a means of being repaid. This can take up to 25 percent of your net income.

At this stage in the collection process, it may be best to seek the counsel of an attorney, provided you don’t already have one. A Florida bankruptcy attorney should be able to review your finances and your debts and either make a case on your behalf or find a few options for relief from debt collection activities.