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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.


Georgia Chamber launches coalition to protect film tax credit

The Georgia Chamber of Commerce likes Georgia's film tax credit enough that it has launched a statewide advocacy group that will work to keep it. The Georgia Screen Entertainment Coalition (GSEC) laun...

Published:  Wed, 12 Sep 2018 12:45:00 GMT

Tax Increase Approved For Lookout Mountain, Ga.; 80 Quad-Plexes Planned Near Brow Wood

Homeowners in Lookout Mountain, Georgia will see a slight increase to property taxes in 2018. Because there was a small decrease overall when property assessments were done, the city council has voted ...

Published:  Fri, 14 Sep 2018 06:18:00 GMT

Georgia's Kemp: School safety 'has nothing to do' with guns

Georgia's Republican gubernatorial candidate Brian Kemp has ... Her proposal also calls for providing resources for building improvements directed by local school districts through tax revenue. Abrams ...

Published:  Wed, 19 Sep 2018 16:14:00 GMT

Small Georgia Manufacturer Creates New Jobs, Invests Heavily in New Equipment Due To Tax Reform

At Evans Tool & Die, a family-owned toolmaking and stamping business in Conyers, Georgia, employees have always come first. "Generosity is one of our core values," explained Dee Barnes, President and ...

Published:  Thu, 13 Sep 2018 07:28:00 GMT

How Much Does Your State Collect in Sales Taxes Per Capita

States collecting the least in state sales taxes per capita are Virginia ($467), Colorado ($514), and Georgia ($531). In each case, a combination of low rates and relatively narrow bases contributes t...

Published:  Wed, 12 Sep 2018 12:42:00 GMT

Georgia tax receipts up 7 percent

Georgia tax collections rose by 7 percent last month compared to August of last year, posting a healthy increase of $117.4 million, Gov. Nathan Deal announced Monday. Individual income tax receipts fo...

Published:  Mon, 10 Sep 2018 11:51:00 GMT

Tax cuts among discussion at Muscogee County Republican Party meeting

Tax cuts were among the topics being discussed at the Muscogee County Republican Party meeting Tuesday evening. David Ralston, Speaker of the Georgia State House was the guest speaker. Other elected o...

Published:  Tue, 11 Sep 2018 19:46:00 GMT

Stacey Abrams unveils her approach to Georgia's health care. Brian Kemp fires back

The former state House minority leader also urged that Georgia adopt a state version of the federal earned income tax credit for low-income families. She said rural health care should be buttressed th...

Published:  Fri, 14 Sep 2018 09:55:00 GMT

Relax: Federal law won't raise your California income tax

while permitting an implicit increase in corporate taxes, Walczak said. Other states including Vermont, Georgia, Idaho and Utah trimmed their tax rates. Iowa and Missouri used federal tax reform as th...

Published:  Sat, 08 Sep 2018 01:21:00 GMT

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