What to Do if a Wrongful Termination Has Left You in Debt

When you’ve been wrongfully terminated, it’s easy to feel overwhelmed and stressed. Not only have you lost your job, but you may also be dealing with debt. From contacting a lawyer to working with a company like Citizens Debt Relief, here are four steps to take if you’ve been wrongfully terminated and are struggling with debt:

Gather your records.

Wrongful termination can be a very complicated issue, and it’s important to take the time to gather all of the relevant information before proceeding with a claim. The first step is to gather all of your records related to the termination. This includes your employment contract, any emails or letters related to the termination, and any documentation of the damages you suffered.

The process of filing a lawsuit can be long and complicated, but with the help of an experienced attorney, you can increase your chances of success.

Talk to an attorney.

Next, you’ll want to talk to an attorney who can help you understand your rights and options. An attorney like those at the Jake Finkel Firm can also help you file a lawsuit against your previous employer if necessary. Some lawyers may work on contingency, meaning you won’t add any upfront debt to your situation.

There are a few key things to keep in mind when deciding whether or not to file a lawsuit:

First, you should understand that in most states, workers are considered “at-will” employees. This means that your employer can fire you for any reason, or for no reason at all, as long as it’s not illegal. However, there are some exceptions to this rule. For example, if you can prove that you were fired because of your race, gender, religion, or another protected characteristic, then you may have a case for wrongful termination. You may also be able to sue your employer if you can prove that you were fired in retaliation for speaking out about illegal activity or for filing a workers’ compensation claim.

An attorney can help you determine whether or not you have a case for wrongful termination and can help you pursue legal action if necessary. Some lawyers may work on contingency, meaning you won’t add any upfront debt to your situation.

Contact your creditors

If you’re struggling to make payments on your debt, contact your creditors and explain your situation as someone who has been wrongfully terminated. Many creditors will be willing to work with you to create a payment plan or to lower your interest rate.

When you’re struggling to make monthly payments on your debt, it can feel like you’re stuck in a never-ending cycle. But don’t give up yet! There are steps you can take to get back on track. If you’re enrolled in a debt management program or working with a debt relief or debt settlement company, be sure to follow through with your payments.

Remember, you’re not alone. There are plenty of resources available to help you get your debt under control. Don’t hesitate to ask for help.

Create a budget.

Creating and following a budget is critical to managing your debt and your overall financial health. When you create a budget, you are essentially creating a plan for your money. This plan will help you ensure that you are spending your money in a way that aligns with your goals and priorities.

A budget can also help you gain control of your debt. When you know how much money you have available to spend each month, you can be more strategic about how you use that money. You can allocate more money towards your debt payments and less money towards expenses that are less important to you.

Making a budget and sticking to it can be difficult, but it is definitely worth the effort. If you need help getting started, there are plenty of online resources and budgeting tools available. And, if you need additional support, there are also many financial advisors who can help you create and follow a budget that works for you.