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Georgia Debt Consolidation or Georgia Debt Relief

Georgia Debt Settlement Services to Help pay off debts

If you’re running late on multiple credit cards, loans, and other bills in Georgia, and creditors or debt collection agencies are pressuring you to collect those debts, you should contemplate the help and advice from a Georgia debt consolidation or Georgia debt settlement company.

How can Georgia debt consolidation or debt settlement companies help?

Georgia debt consolidation and Georgia debt settlement companies offer programs that can give you some financial relief by helping you to pay off your credit cards and other bills comfortably, in reduced time, and without defaulting.
A Georgia debt consolidation consultant or Georgia debt settlement consultant will provide you a no-obligation, free counseling session where they can review your finances, and based on your unique circumstances, suggest any of these programs:

Georgia debt consolidation is a program where a bargainer from a debt consolidation company works with your creditors or the collection agencies that are contacting you directly to get them to take your monthly payments at a lower interest rate. Often, the debt consolidation company will also be able to reduce or eliminate completely late fees or over-limit fees. With the lower interest rate and no extra fees, your monthly payment will go much further to pay off your debt principal. One great feature of debt consolidation programs is that you only need to make one payment each month that the consolidation company will disburse to all of your creditors, and you will be able to choose the date that your payment will be made each month.

Georgia debt settlement is a program where a professional debt negotiator bargains with all of your creditors and collection agencies that are contacting you in an attempt to substantially reduce your outstanding principal balances. Of course individual results do vary, however, in many cases, dependent upon the amounts that you owe and the creditors involved, you might be able to reduce your current balance by up to 40-60%* of the amount you now owe.

Georgia Debt Consolidation and Debt Settlement Laws

If your financial situation leaves you unable to pay what you owe you may be able to negotiate a revised payment plan with your creditors. Most creditors will work with you as long as they get most if not all the principal debt repaid. Be sure any agreement made with a creditor is done in writing so that the creditor has to stick to the agreement. You may always take issue with a debt a creditor says you owe but in actuality you do not owe. The best approach is to mail a certified letter stating why you do not owe the debt or why your debt is lower than the creditor claims. You have the right to ask the creditor to stop calling you, however, you are still responsible for the debt.

Borrowers should know Georgia law regarding debt collection. Under Georgia law it is illegal for a collection company to advise you to quit making payments until a payment plan is negotiated. Creditors are legally allowed to charge you late fees for missing payments. Debt consolidation and settlement firms, in Georgia, may only charge 7.5% of your principal balance for their fee. This keeps the borrower from unintended additional debt.

Laws for Debt Harassment in Georgia

Just as federal law is specific on debt collection Georgia law is in keeping with federal law. It is always recommended you meet with a debt consolidation or settlement attorney to be on the safe side.

Legal Collections Actions

• It is legal for creditors to: call, send letters, emails, and faxes.
• It is legal to contact a borrower unless the borrower says an attorney represents them.
• Creditors are allowed to contact other people than the borrower but only to find out how to contact the borrower.
• All debt collectors have to give the borrower the total amount owed, a list of all creditors and is able to prove the debt is legitimate in 30 days of the first contact.
• Any disagreement on debt presented has to be validated by collections agents in 30 days of receiving written notice from the customer.

Illegal Collections Actions

• Threatening to make debt public.
• Being abusive or threatening to a borrower while trying to collect money owed.
• Misleading a customer as the collector’s identity and not providing the company name.
• Threatening legal action, which the collector legally cannot take.
• Changing the principal debt owed by the borrower and other legal adjustments not allowed by debt collectors.
• Incurred expense for the borrower like paying tolls to make a payment in person and certain “fees”.
• Continuing to call the borrower at work after the borrower has advised the collector to stop.
• Liens or wage garnishments without a court order.

Click here for a no-obligation, free consultation with a Florida debt consolidation or Florida debt settlement specialist now!

*Individual results may vary. Statements made are only examples of possible outcomes, which are not intended to be a guarantee of any future settlement results. A debt counselor will attempt to understand your current financial situation and determine whether you are qualified for the debt resolution programs offered. Debt consolidation and debt settlement companies will work aggressively to reduce your debt balances, however, creditors are under no contractual obligation to negotiate or accept settlement offers.

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