Category Archives: Debt Settlement
What is the Difference Between Debt Settlement and Forgiveness?
Many Georgia residents are currently struggling with debt, even as they continue to add more debt to the balance they owe. According to a recent study reported in Valdosta Today, Georgia is among the top states where consumers are adding the most debt to the balances that are already due. That report indicates that… Read More »
Do I Have to Pay Taxes on Settled Debt?
Debt settlement agreements in Georgia can be enormously beneficial to Lilburn residents. Are you a debtor who is struggling to see a way of paying off your debt but you have the ability to make a lump sum payment for a percentage of what you currently owe? Many debtors are in this situation, and… Read More »
Common Myths About Debt Settlement
If you are currently behind on credit card payments or other debts, you might have started researching debt relief options. If you are considering debt settlement, similarly you may have begun looking into more about how debt settlement works. Like most types of debt relief that can be options for Georgia residents, there are… Read More »
Can I Settle Credit Card Debt from a Balance Transfer?
Debt settlement is often an option for various types of debt in Georgia, including credit card debt. Having credit card debt is extremely common in Georgia, and data from the Federal Reserve suggests that delinquency rates are rising. In other words, more people are defaulting on credit card debt. When you do not make… Read More »
Top 5 Questions About Debt Settlement
Anyone in Lilburn or the surrounding area in Georgia who is struggling with debt should learn more about debt settlement and its benefits. When a consumer is thinking about the possibility of debt settlement, many different types of questions come up. As you might know, debt settlement is a process of negotiating with your… Read More »
When is the Best Time to Negotiate a Debt Settlement Agreement?
If you are considering the possibility of debt settlement, is there a particularly good time to negotiate a debt settlement agreement or to accept one? Or do debt settlement negotiations work the same way at any given time? Given that credit card debt has recently hit a record-high rate, many Georgia residents are thinking… Read More »
Will Settling My Debt Prevent Texts and Emails from Debt Collectors?
Debtors in Georgia who have past due debt often deal with frequent contact from debt collectors. Calls from debt collectors have been common for decades. Yet in more recent years, debt collectors have begun using other forms of electronic communication to make contact. For example, debtors now often receive text messages and emails from… Read More »
Are Student Loans Eligible for Debt Settlement?
Georgia residents in Lilburn and across the state are struggling with student loan debt. Borrowers are grappling with both private and federal student loans, and as the future of the Biden-era SAVE program remains up in the air, borrowers are also dealing with substantial anxiety about whether they will be able to afford student… Read More »
High Credit Card Balances and Debt Settlement
In an ideal financial world for consumers, everyone would pay the full amount of debt they had charged during the previous cycle on their credit cards. Yet this is not how things generally work in practice, and it is not how credit card companies make money from consumers. According to Bankrate, nearly half of… Read More »
What Should I Do If I am Being Contacted Frequently About Credit Card Debt?
Owing a significant amount of credit can bring a lot of added stress to your life. If you are frequently being contacted by debt collectors about that debt, you are likely feeling even more stressed about your financial circumstances. It is important to know that you have rights concerning contact from debt collectors. In… Read More »