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Student loan relief can be found, but not from ‘debt demons’ Atlanta, GA

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Student loan relief can be found, but not from ‘debt demons’

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What led Woodward and Bernstein to discover the secrets of the Watergate Scandal was the Deep Throat admonishment to “Follow the money.” Today, one of the most scandalous activities the country is witnessing may be the proliferation of student loan settlement companies. And if you want to know why that is, all you have to do is remember Deep Throat’s advice.

According to the widely reported estimates, student loan debt represents a veritable deluge of financial concern for the country. Some 40 million Americans are said to owe a total of around $1.2 trillion. The people of Atlanta certainly are not immune.

With that kind of debt generating huge levels of anxiety, is it any wonder that there is a growing flock of operations offering student loan settlement services?

The problem with these companies, which one Forbes pundit describes as debt demons, was made clear recently in two lawsuits filed by the attorney general of Illinois. She alleges that such companies engage in deceptive practices. They often charge unsuspecting loan holders hundreds of dollars up front for services that could be obtained for free through government programs. But worse than that, after collecting the money, they often don’t deliver any services at all.

According to the Forbes writer, the Illinois Attorney General’s Office is the only one in the country taking action to counter illegal elements of the student loan settlement industry. That might lead some to think that there are few alternatives to address the issue, but that would be the wrong conclusion to draw.

It is true that student loan debt can’t be discharged through bankruptcy, except in severe hardship circumstances. But filing bankruptcy may allow you to either consolidate payments or discharge other unsecured debt, freeing up funds that can be applied to the student loans.

To explore and understand all options, it’s best to consult an experienced attorney.

Source: Forbes, “Debt Demons Discover Student Debt,” John Wasik, July 16, 2014

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Jamie L. Gingold, PC
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    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!

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    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.

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    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.

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    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.

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    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.

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

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