Obligations of Creditors and Credit Reporting Agencies Under The FCRA
In 1970, Congress adopted the Fair Credit Reporting Act (FCRA) to protect consumers and regulate how credit information is used and disseminated. The FCRA was passed to address the growth of the credit reporting industry – which compiled “consumer credit reports” and “investigative consumer reports” on individuals. The FCRA was the first federal law to […]
The Link Between Mental Health And Financial Stability
STUDIES SHOW HIGH DEBT CAN INCREASE THE CHANCES OF MENTAL AND PHYSICAL HEALTH PROBLEMS It is no surprise that having debt can cause stress. However, those studying the effects of debt related financial pressure were surprised to see the dramatic impact on mental and physical health, including significant increased chances of suicide. The complications of […]
Statute of Limitations on Collection Cases in Georgia
Georgia’s Statute of Limitations Gives Credit Card Companies and Other Creditors Up to 6 years to Sue Debtors Georgia’s creditor-friendly statute of limitations gives certain creditors, like credit card companies, up to six years to sue a debtor. Consumers in Georgia who have an uncollected debt should pay attention to the statute of limitation if they want to avoid […]
State Regulation Preventing Creditor Harassment: Protecting Consumer from Aggressive Collection Practices
Debt can be a heavy burden for many individuals, and dealing with creditors can often exacerbate stress and anxiety. While creditors have the legal right to collect debts, certain practices are prohibited to protect consumers from harassment. Many states have enacted additional regulations aimed at preventing creditor harassment, ensuring that individuals facing financial difficulties are […]
Wage Garnishments
If you’ve hit a financial rough patch and are struggling to keep up with your payments, it’s easy for your accounts to fall behind. Eventually, your debts may be sent to collections, and you might face a legal situation. This could lead to a summons, and soon, you’ll find yourself being sued by your creditors. […]
Alternative Solutions To Too Much Debt
