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Watch Out For Debt Relief Scams Atlanta, GA

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Watch Out For Debt Relief Scams

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

As 2016 draws to a close, debt relief services are already gearing up to provide assistance to those drowning in debt. Overspending on holiday gift giving often puts people over the edge in their financial struggles, and they see the opportunity to regain control over their finances in the New Year. Unfortunately, there are many scams out there that are just waiting to prey upon those who seek fast and easy way out of debt. The truth is, many debt settlement companies do little, if anything, to improve the financial situation of those who are in significant debt.

Debt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or reduce consumers’ repayment obligations. While this plan sounds enticing, the scam begins when the service requires a relatively large sum of money up-front for their assistance. Requiring those who are already cash-strapped and significantly in debt to pay up-front is the number one sign of a debt relief scam tactic. What happens in these debt relief scam cases is that the service will take your money but then fail to actually help you settle or lower your debt.

For those who are already facing mounds of debt, it is imperative that you are wise and aware of those preying on your vulnerability. The National Association of Consumer Bankruptcy Attorneys has identified debt relief scams as the “number one threat facing deeply indebted Americans.” Opposite of what they claim, debt relief companies are especially menacing due to the false guidance that they provide to those who seek their help. In fact, the Federal Trade Commission (FTC) estimates that fewer than 10 percent of those who use debt settlement companies receive the desired results. This means that up to 90 percent of those who seek debt relief services are left in worse financial positions than they were originally when they sought help. 

At Gingold & Gingold, LLC, we want you to be aware of scams that are out there. Your financial future is important to you and your family, and it needs to be well protected. Rather than falling prey to debt relief scams, filing for bankruptcy is often the best choice for those in significant debt. Bankruptcy is an option that allows many people to find relief from debt and find a fresh start. Consulting with our experienced Georgia bankruptcy attorneys will insure that you choose the appropriate financial path for your future. Contact us today.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Our Client Reviews

Gingold & Gingold LLC
5.0 / 5.0

Based on 28 reviews

Jack L.

They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

All C.

Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

Karen B.

Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

Lyla B.

I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

Sherard W.

I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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