Dealing with a debt lawsuit is stressful when you're stretched thin financially, but you have more options than you might think. Getty Images/iStockphoto

There's no question that today's economic landscape is tough for a lot of Americans, as issues like rising inflation and elevated borrowing rates are having a big impact on people's finances. As a result, people are falling behind on their debt payments at a concerningly rapid pace. For example, serious delinquencies — which are accounts more than 90 days past due — surged above pre-pandemic levels in the second quarter of this year, according to the Federal Reserve Bank of New York , a clear indicator of just how difficult it can be to carry debt right now.

As a result, many lenders are ramping up legal action . For bor

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