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      May 22, 2018

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Debt Consolidation in Georgia

Georgia MapDuring the Great Recession of 2008, many consumers found themselves getting further and further behind on the bills due to loss of employment and stagnant wages. Many consumers now are in the throes of debt collection – an unpleasant process that can cause unnecessary anxiety.

In Georgia, 67.4 percent of consumers currently are behind on their mortgages, according to data released by the Urban Institute. The average debt in Georgia is $46,668, with 42 percent of that debt currently in collections.

Consumers who are in the unfortunate position of having their debt turned over to a collection agency still have protections in place. Under the Fair Debt Collection Practices Act, debt collectors are required to treat consumers fairly and are prohibited from engaging in certain practices in an attempt to recover money owed to creditors.

Additionally, in Georgia, consumers also are protected by the Georgia Industrial Loan Act, which applies to loans or advances of money of $3,000 or less. The law requires consumer loan agencies to possess a license; they are limited to the amount of fees, interest and late charges that can be applied to consumer loans; and they have to follow proper protocol when extending the debt.

Debt collectors or loan agencies that violate the provisions can be reported to the Georgia Industrial Loan Commissioner. Additionally, consumers can opt to file a civil lawsuit against the agency.

Consumers who wish to work toward paying off their debt can employ the services of a consumer credit counseling service. These services are able to negotiate lower payments, and even help consumers apply for debt consolidation if they qualify.


Republicans in Georgia's governor race take hard-line stance on gun rights, illegal immigration

Back in February, Lieutenant Gov. Casey Cagle made headlines when he threatened to kill a tax break for Georgia's largest employer, Delta, in retaliation for the airline's decision to sever ties with the NRA. Several GOP candidates have been touting ...

Published:  Tue, 22 May 2018 06:38:00 GMT

Immigration, education key in primaries for Georgia governor

"Our sales taxes and our total tax burden is beginning to look more ... Nathan Deal, who has held the office since 2011. All of Georgia's statewide constitutional offices are up for grabs this election cycle, including positions vacated by Cagle and ...

Published:  Tue, 22 May 2018 10:58:00 GMT

The Georgia GOP Governor's Primary Focuses On Guns And Immigration

The NRA's backing came after he pushed an amendment to kill a tax break benefiting Georgia-based Delta following the company's decision "• in reaction to February's mass school shooting in Parkland, Florida "• to end a discount program for NRA memb ...

Published:  Tue, 22 May 2018 03:05:25 GMT

Reform taxes now

Many states are rising to that challenge; so far, multiple states have made significant progress reforming their tax codes, including Georgia, Kentucky, and Iowa. These states are lightening tax-code burdens, minimizing complexity for individuals and ...

Published:  Sun, 20 May 2018 23:06:00 GMT

When and where to vote today in Georgia [map]

It's election day in Georgia, and the big question is whether the first competitive ... In Dade County, voters will decide whether to add a new 1 percent sales tax to cover road pavings, bridge repairs and other infrastructure projects.

Published:  Tue, 22 May 2018 01:10:00 GMT

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