Looking for fast debt relief in Georgia? There are all different types of debt and not everyone’s situation is the same. That’s why it’s important to explore all your options before jumping into something. Fortunately for you, Americor has a variety of options for you to choose from depending on what you qualify for. Talk to one of our debt experts today to see what the best Georgia debt relief option is for you.
The Peach State’s economy is booming, and with that expansion comes a rising standard of living that is a draw to those flocking to the state for economic opportunity.
Rising costs of living, however, are often met with the unsustainable use of credit cards, which has left Georgian households shouldering an average credit card debt of $5,952. If you are looking for Georgia debt relief advice to help you get out from under your mounting bills, then you need to know your rights and responsibilities under the state’s consumer protection laws.
For Georgia debt consolidation programs, or other debt relief plans, understanding the state’s statutes of limitations is important to know your rights under the consumer protection laws. Although it varies state by state, the statute of limitations is a specific limitation on the time in which creditors can file legal action against you for past due debts. In the Peach State, the statute of limitations on outstanding debts are:
• Oral Contracts—4 Years
• Written Contracts—6 Years
• Promissory—6 Years
Georgia follows the set of laws known as the Fair Debt Collection Practices Act.
A debt collector cannot send mail or call a debtor at work unless a good-faith effort has been made to contact the debtor at home and that effort hasn’t worked.
Maximum Interest Rate a Collection Agency Can Charge in Georgia: 6%
Georgia Wage Protection: 100% protection for 60 days.
Living with crushing debt is bad for your bank account and bad for your psyche. Finding a way out of debt requires a realistic appraisal of your financial position, it helps to discuss the range of available Georgia debt settlement options for you and your family.
Our team of financial experts is standing by to help you with the Georgia debt relief plan that you need so you can get back on your financial feet. Whether you are behind on your mortgage or burdened by credit card debt, understanding your options is the first step in discovering a solution to your financial struggles. Contact us today.