Category Archives: Debt Settlement
Medical Debt and Debt Settlement in Georgia
In Lilburn and throughout the state of Georgia, residents are struggling with medical debt. Georgia Senator Raphael Warnock has long recognized how distressing medical debt can be for Georgia residents. In early January 2025, his office issued a press release about the Consumer Financial Protection Bureau (CFPB) final rule “to remove medical debt from… Read More »
Should I Try to Settle Time-Barred Debt?
If you have debt that is quite old and has already become time-barred, you may be wondering if you should attempt to pay off the debt or to settle it. As you might know, most types of debt in Georgia have a six-year statute of limitations. Once that time window closes, a creditor cannot… Read More »
Secured Versus Unsecured Debts and Debt Settlement
For many Lilburn residents, and for those who reside in Georgia more broadly, debt settlement can be a solution to unmanageable debt. In particular, debt settlement is often a welcome solution to get a fresh start from debt accrued on credit cards or as a result of a medical emergency or ongoing chronic health… Read More »
How Much Credit Card Debt is Enough to Seek Debt Settlement?
Are currently struggling with credit card debt? If you are having trouble making monthly payments and have become delinquent, or you are only able to pay the minimum and have your total debt increasing significantly due to interest, you may be considering debt settlement. Yet you might be wondering if you owe enough in… Read More »
What to Look for in a Debt Validation Letter
Debt collectors call and text frequently in attempts to recover debts owed by Georgia residents, and it is important for anyone in the state to know that they have certain protections related to debt collection practices under the federal Fair Debt Collection Practices Act (FDCPA). One of the protections this law provides has to… Read More »
The Statute of Limitations for Collecting Debt in Georgia
How much time does a debt collector or a creditor in Georgia have to collect on the debt you owe? To answer this question, it is essential to understand what a statute of limitations is and how it works. As long as the clock on the statute of limitations is still “ticking,” then the… Read More »
What is Revived Debt?
Are you struggling to repay debt and considering options like debt settlement or bankruptcy? It is important to know that, after the statute of limitations runs out on a creditor’s ability to collect your debt, you may not have to make a payment. However, there are ways in which you can “revive” a debt… Read More »
Is Debt Settlement Right for Me?
Financial difficulties impact most Georgia residents from time to time. Yet for many Georgia residents, struggles with debt become ongoing and all-encompassing. If you are struggling with debt, you might have already investigated some of your potential options. For example, you might have considered a substantial personal loan to pay off several different credit… Read More »
Will Credit Card Companies Agree to Debt Settlement?
As of the end of 2024, Americans have a combined credit card debt of $1.166 trillion, according to Lending Tree. That amount is massive. Over the course of 2024, credit card debt has either risen each month or has remained steady. In other words, there have been no indications that Americans are able to… Read More »
Frequently Asked Questions About Debt Settlement
For anyone who is struggling with debt, the options to manage their debt or to get a fresh start can be vague or confusing. Many consumers do not know if they are eligible for certain processes like debt settlement, for example. If you are considering debt settlement, we know you have many questions. Finding… Read More »