Skip to main content
(678) 915-2634 Contact Us
Debt collector ordered to halt deceptive practices Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

Debt collector ordered to halt deceptive practices

Judge Gavel, Scales of Justice and legal books on the desk

Many Atlanta residents believe that once they owe a debt, they will owe on it forever, and that the company collecting the debt can do anything to make them pay. However, that is largely untrue. Debt collectors must follow federal rules and regulations regarding statutes of limitations for payments, notification to debtors, and appropriate documentation.

In fact, one major debt collection agency was recently penalized by the Federal Trade Commission for failing to do these things, which is a major signal from the government that it is going to be harder on debt collectors.

The major issue that led to the FTC penalty was the lack of documentation in debt collection cases. Often, uncollected debt is sold to collection agencies with virtually no records attached, other than the person’s name, Social Security number and amount of debt owed. When agencies try to bring debtors to court to collect the debt, neither the debtors nor the courts have any way of knowing whether the debt is legitimate.

Another common problem in debt collections is debtors’ lack of awareness of the laws that exist to protect them. For example, debt collectors must comply with the state statute of limitations that dictate when a debt is no longer collectible. In Georgia, the limitations period is generally between four and six years, depending on the type of debt. Also, most debtors are unaware that the statute of limitations restarts if they make even a small payment on the debt.

Under the settlement between the FTC and debt collector Asset Acceptance, the agency must now provide sufficient documentation of debts before attempting to collect on them. In addition, it must not try to collect debt that is time-barred by a statute of limitations and do a better job of informing debtors of their rights.

Source: The Washington Post, “Have old debts? Read up on your rights,” Michelle Singletary, Jan. 31, 2012

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (678) 915-2634

First Free

    Disclaimer Privacy Policy

    I have read the Disclaimer and Privacy Policy

    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.

    Write a review