Skip to main content
(678) 915-2634 Contact Us
Debt issues start early for many young people Atlanta, GA

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

Client Reviews

Debt issues start early for many young people

young couple in the sitting room

We have mentioned in previous blogs that debt is not typically something that accumulates all at once. People often struggle with a number of different financial challenges over the course of several months or years before money woes ultimately become unmanageable. 

However, while debt doesn’t usually happen all at once, it does start affecting people’s lives early on. In fact, debt can start accumulating for many people before they even get their first job. 

To begin with, it is very common for college students to partially or completely fund their education by taking out student loans, which can prove to be extraordinarily difficult to pay off.

Even if student loans are small or under control, young people may also start accumulating debt when they graduate and have to do things like get an apartment, purchase clothes for a new job, and start paying living expenses. Many people end up putting some or all of these expenses on credit cards, starting a cycle that is difficult to break.

Between credit card spending, student loan payments and difficulty finding jobs that pay enough, young people can struggle enormously when it comes to financial health. Additionally, as one 34-year-old entrepreneur notes in a recent article in Forbes, the loans that young people do need to take out often come with high interest rates because of an absent or lacking credit history. The article also notes that improving credit scores can be very difficult for young adults, as prompt payment of certain things like rent are not considered. 

What all this means is that there are a number of obstacles that young people face when it comes to working toward financial stability and health. In many cases, this situation only gets worse over time. Even though people can’t undo the mistakes they’ve made in the past or go back in time and make different choices, there are ways to deal with current debt issues by speaking with an attorney and exploring debt relief options.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    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!

    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.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review