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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 tax receipts up slightly in June

Georgia tax collections rose slightly last month to $1.98 billion, 1 percent above June of last year, Gov. Nathan Deal reported. For the full fiscal year, however, the tax revenue outlook was somewhat ...

Published:  Tue, 10 Jul 2018 14:25:00 GMT

Georgia's tax breaks defy understanding

I completely understand our pursuit of fair trade with countries around the world, when we impose tariffs to gain fair trade concepts. I do not understand why our Georgia State Legislature thinks it O...

Published:  Thu, 12 Jul 2018 13:02:00 GMT

Georgia's June tax collections increase by 1 percent

ATLANTA - Gov. Nathan Deal announced Monday that Georgia's net tax collections for June increased by 1 percent from last year to a total of $1.98 billion. In 2017, Georgia's net tax collections for Ju...

Published:  Mon, 09 Jul 2018 13:14:00 GMT

Taxes, paying for the poor and county funding: How do Macon's two big hospitals compare

according to an analysis of Macon-Bibb County Tax Assessors data by Georgia Public Broadcasting. Coliseum Health System, on the other hand, is a for-profit entity and member of HCA Healthcare, a natio...

Published:  Thu, 12 Jul 2018 07:10:00 GMT

Talladega Council approves additional tax abatement for Georgia-Pacific

The Talladega City Council voted unanimously Monday to approve a tax abatement on an additional almost $15 million in new construction at the Georgia-Pacific Plant on Ironaton Road during the first re...

Published:  Tue, 03 Jul 2018 05:12:00 GMT

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