According to Experian, at the close of 2020, the total U.S. consumer debt balance had grown by $800 billion due to the widespread economic anxiety caused by the COVID-19 pandemic. This was an increase of 6% over 2019, the highest annual growth jump in over a decade. A recent article stated that according to the Federal Reserve, American household debt hit a record $14.6 trillion in the spring of 2021. About 340 million people share this debt, and you are likely one of them.
On top of this explosion in consumer debt, millions of Americans have filed for unemployment benefits after losing their jobs during the course of the pandemic. Often unemployment benefits will not cover all of a person’s expenses. It wasn’t designed that way. Unemployment will only replace a portion of your paycheck, and there is a maximum weekly benefit as to what you can receive. Even if you’re not a high earner, you could find that your state’s weekly unemployment benefit falls short of what you used to collect when you were employed.
What happens if you lose your job and don’t qualify for unemployment? Do you go through any savings you might have or start buying necessities on credit while you look for another job? Whether you are now existing on a meager unemployment check or none at all, just how do you resolve any debt issues you might have that you can no longer pay?
Ciment Law Firm, PLLC has a proven 3-step program that can help consumers get back on track so they can resolve their debts, protect their rights, and rebuild their credit. Due to the explosion of debt experienced by many consumers due to the COVID-19 pandemic, many people find themselves dealing with reduced hours, additional expenses, or facing the loss of their job. At times like this, it is easy to panic and incur even more debt as people rely on their credit cards to survive.
Attorney Daniel Ciment is a recognized consumer advocate throughout the state of Texas, and his 3-step program was designed to put consumers experiencing additional debt back on the path to financial stability. “We help consumers find solutions to their debt and credit issues, and that is why we created this 3-step program. Due to the rise in consumer debt caused by the fallout from the pandemic, we are seeing even more consumers who are looking for solutions. We are confident that these consumers will also benefit from our proven 3-step program, and we look forward to assisting them on their journey back to debt and credit freedom.”
To further assist Texans struggling with debt due to the COVID-19 pandemic, Daniel Ciment created the Texas Debt Defense & Protection Group on Facebook. In this public group, any recently laid-off, unemployed, or debt-challenged Texan can seek and find the answers and support they need.
About Ciment Law Firm, PLLC
Ciment Law Firm PLLC’s goal is to help clients resolve their unpaid debts, protect their rights in the process, and help them rebuild their credit so that they can move on with their lives. Their unique and proven three-step process offers an easy-to-follow plan for clients to resolve their debts and get on the path to financial wellness. Everything Ciment Law, PLLC does is designed to help clients move through these three steps.
If you’re ready to take the next step and discuss your consumer rights or your debt resolution options, fill out the form at their website or call them to schedule your free consultation at 281-937-3949.
The post Ciment Law Firm, PLLC’s Proven 3-Step Program Helps Texans Resolve Pandemic Debt appeared first on Ciment Law Firm.
from Texas Bar Today https://ift.tt/3wktGwu
via Abogado Aly Website
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