Georgia Debt Payoff Articles
Understanding Debt
Average Credit Card Debt in Georgia: Where You Stand and What to Do About It
Credit card debt is one of those things that can sneak up on you. A few hundred here, a balance transfer there, and before you know it you're stari...
Read more → educationGeorgia Debt By The Numbers: What the Data Says About What We Owe
It's easy to feel like you're the only one struggling with debt. But if you live in Georgia, you're far from alone. Millions of households across t...
Read more → educationWhat Are Your Debt Payoff Options? A Simple Guide for Georgia Residents
If you're dealing with credit card bills, medical debt, or personal loans that feel like they're piling up, take a breath. You have options, and th...
Read more →How-To Guides
Debt Consolidation in Georgia: Is It Right for You?
When you're juggling multiple credit card payments, a medical bill, and maybe a personal loan, the idea of rolling everything into one monthly paym...
Read more → guidesHardship Negotiation in Georgia: What to Know Before You Start
For Georgia residents carrying $10,000 or more in credit card debt or other unsecured bills they cannot repay in full, hardship negotiation is one option to compare. A company negotiates with your creditors for you to lower what you owe. Your credit may be affected, and creditors may not agree. Under FTC telemarketing rules, which cover most companies that sell these services by phone, a company can charge its fee for each debt only after that creditor agrees to a new deal, you accept it, and you have made at least one payment under it. A dedicated savings account may carry separate fees. Canceled debt may count as taxable income (IRS Form 1099-C).
Read more → guidesHow to Pick the Right Debt Payoff Plan (Without Getting Overwhelmed)
Consolidation loans, counseling, creditor negotiations, and bankruptcy address different situations. Begin with your own balances and budget so you...
Read more → guidesWhat to Expect During Hardship Negotiation: An Honest Look at the Process
Georgia residents carrying $10,000 or more in credit card bills, medical debt, or personal loans may consider hardship negotiation. Understand the process before signing an agreement. A company negotiates with your creditors for you to lower what you owe. Your credit may be affected, and creditors may not agree. Under FTC telemarketing rules, which cover most companies that sell these services by phone, a company can charge its fee for each debt only after that creditor agrees to a new deal, you accept it, and you have made at least one payment under it. A dedicated savings account may carry separate fees. Canceled debt may count as taxable income (IRS Form 1099-C).
Read more →Your Rights
Your Rights Under Georgia Debt Collection Laws
Getting calls from debt collectors is stressful. It's even worse when you don't know what they're allowed to do and what crosses the line. If you l...
Read more → rightsStatute of Limitations on Debt in Georgia: What You Need to Know
If you've got old debts hanging over your head, you might be wondering: is there a point where they just can't come after me anymore? The answer is...
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