Athens and Clayton GA Debt Adjustment Attorney

Debt Adjusters Frequently Violate the Georgia Debt Adjustment Act

In our experience, debt adjusters frequently violate the Debt Adjustment Act in one of the following ways:

  • Charging more than 7.5% of the amount distributed monthly to creditors for debt adjusting services
  • Failing to distribute the consumer’s funds to his creditors within 30 days of receipt of the funds

You, the consumer, have the right to file a private legal action against a debt adjustment company that has overcharged you or mishandled your account in violation of the Act’s provisions. Not only is the company obligated to refund all fees, charges or contributions you have paid, but through this action you may seek an additional restitution of $5,000.

If you have done business with a debt adjuster, contact us today! You may be entitled to recover money for the violation of the Act.

 

Don’t Fall Victim to Illegal Debt Settlement Companies

 Those who’ve been cheated through illegal debt settlement schemes or fraudulent banking and lending practices deserve to be compensated for their losses. Oftentimes, victims find themselves facing a dishonest adversary after the loss comes to light. Our firm will look after your interests from start to finish by determining fault, presenting supporting evidence, and assessing damages, past and present, as well as future expenses. Consumers have the right to expect debt collectors, debt settlement companies, banks and insurance companies to conduct business within the confines of the law. If you have been the victim of consumer fraud, contact us at Hurt Stolz, P.C.

Debt Settlement companies have become prevalent in the debt adjustment industry. These companies promote themselves as an alternative to bankruptcy, a faster way to get out of debt, and a better alternative to traditional debt management plans. Debt settlement companies will instruct the consumer to stop paying their unsecured creditors, and instead divert that money to the debt settlement company, where the debt settlement company will often collect its fees upfront. Once there are sufficient funds in the account, the debt settlement company will, supposedly, contact the consumer’s credit card companies and negotiate a lump sum settlement of the credit card debt for some amount less than the full amount owed.

What Debt Settlement Companies Don’t Tell You

 What debt settlement companies do not tell the consumer is that when the consumer stops paying his/her credit card bills, the credit card company will often file a lawsuit against the consumer seeking to collect the amount owed. Alternatively, many times the credit card company will charge off what it considers to be uncollectible, which is then “bundled” with other charged off credit card accounts into “portfolios” which are then sold to junk debt buyers. These junk debt buyers often file derogatory credit entries on the consumer’s credit reports, make harassing collection calls which frequently violate the Fair Debt Collection Practices Act, and often file debt collection lawsuits against the consumer. In the event that a debt settlement company actually settles a credit card debt for the consumer, the consumer will most likely be issued an Internal Revenue Service (“IRS”) 1099-C, which requires that the consumer report any forgiven debt over $600 as income on his/her federal tax return!

 

Don’t fall for it!  Debt settlement is NOT a viable alternative to bankruptcy, and is in fact ILLEGAL in the State of Georgia.

 

If you have fallen victim to a debt settlement company, contact Hurt Stolz, P.C. today!

Contact us today for a free case evaluation.

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    Jasmine James
    Jasmine James
    2022-05-03
    Mr. Hurt and his staff, is by far one of the best you could ever work with! They were kind, well organized, professional and extremely helpful to me with my case. If you’re ever in need of a efficient customer protection Lawyer, Mr. Hurt and his staff is absolutely the right way to go!
    Kerri Black
    Kerri Black
    2022-03-22
    Very helpful !!!!
    Sarah Campbell
    Sarah Campbell
    2022-02-18
    We recently had a disagreement with an insurance company over a diminished value claim after a car wreck. After trying to work directly with the insurance company adjusters, we decided to get some professional help. The extremely knowledgeable team at Hurt Stolz turned a months-long battle into a week-long solution. I could not be happier with the customer service and speed of resolution. Many thanks to Jenny and everyone at Hurt Stolz!
    John Campbell
    John Campbell
    2022-02-16
    I can't thank the team at Hurt Stolz enough for their excellent service and knowledge. Our case was serviced very quickly, professionally and to 100% satisfaction. Highly recommend!
    Larry Farlee
    Larry Farlee
    2021-06-21
    Without reservation I want to recommend The Hurt Stolz law firm. Mr. James Hurt Jr. is without question the hardest working and honest professional attorney I have ever encountered. His compassion and straight talk puts him in a class of his own. While he is very articulate he can talk to you in terms that are understandable. Jimmy is honest and does not make promises he can not keep but he gives you his best effort keeping you first and foremost.
    pamela daniels
    pamela daniels
    2021-05-22
    Need a lawyer to take care of some personal affairs and was referred to Mr Jimmy. One of the best choices I ever made in choosing an attorney. Mr Jimmy was very professional and always made himself available. Each time I called his office with a question I was able to speak with him directly. He is awesome and very knowledgeable. Mr Jimmy was nice each time I called he made me feel welcome to call anytime. Mr Jimmy was very dedicated to my case. He won my case with more expectations than I would ever dream. So if you looking for an honest, dedicated, welcoming and down to earth attorney, Mr Jimmy would be the perfect pick. Thanks Mr Jimmy for your time and service
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    Carolyn Barnes
    2021-05-10
    Jimmy was very professional and friendly. He and his staff kept me informed as they worked very hard on my case. Having them handle my case was low stress for me!
    Killani Kadri
    Killani Kadri
    2021-04-22
    Jimmy was a very professional and incredible lawyer in my case. He worked tirelessly for a successful outcome for me. Once I signed him up to represent me; everything went perfectly well for me, I am glad I hired him. I will definitely recommend and use his service again, if I had to. Thanks Jimmy!
    Sally Rogers
    Sally Rogers
    2021-04-11
    Jimmy did a great job on my case. He took the missteps I had made and corrected them so that I now have peace of mind. He was very professional while being very friendly. And his staff was beyond words to describe friendly, helpful and so accomodating.
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    Mark Massey
    2021-04-08
    Great Firm!! Very professional, always kept in contact with me if I had a question or need! I would definitely use them again and would recommend them to anyone!!!

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