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Sandt Law Articles

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Sandt Law LLC > Sandt Law Articles

Georgia Judgments Accrue Interest Over Time

What is post-judgment interest? In Georgia, post-judgment interest is the rate of interest that accrues on a judgment starting from the date the judgment was entered and continuing until the judgment is "satisfied" or paid off. Since judgments in Georgia are renewable and can last indefinitely, post-judgment interest can continue to grow over time and the overall balance of the judgment can be much bigger than it was at the time the judgment was entered. Post-judgment interest automatically applies to judgments, even if the final order of judgment signed by the court says nothing about post-judgment interest. Why...

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Debt collector Lawsuits for personal loans

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Are you being sued by a debt collector or debt buyer for a personal loan once associated with Prosper Funding, LendingClub, WebBank, NetCredit, Upgrade Inc, or Avant? Many debt buyers purchase charged-off loans from Prosper Funding, LendingClub, WebBank, NetCredit and their related entities for pennies on the dollar and then file a lawsuit against you for the entire balance. Debt buyers who have sued on these types of cases in Georgia include Velocity Investments, Absolute Resolution Investments, LVNV Funding, LLC, Galaxy International Purchasing, CreditCorp Solutions, Jefferson Capital, UHG, Spring Oaks Capital and others! You may have defenses...

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When is a debt too old to collect?

If a debt collector intends to sue you to collect on a debt, there is a period of time the law allows for the debt collector to do so, otherwise, you will have an absolute legal defense to the claim. This period of time is called the statute of limitations. The particular statute of limitations that applies to certain debts depends on state law and on the type of lawsuit the debt collector files. In Georgia, a lawsuit based on a contract (like a credit card contract) must be filed within six years from the date of...

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Debt Buyers who frequently file lawsuits in Georgia

Generally, a debt buyer is a company that purchases debts that are considered to be uncollectable by the original creditors (the lender or bank that originally loaned the money). Read more about debt buyers here. This is a list of the debt buyers who frequently file lawsuits against consumers in courts throughout Georgia: Portfolio Recovery Associates, LLC Midland Credit Management, Inc. Midland Funding, LLC LVNV Funding, LLC Cavalry SPV I, LLC Unifund CCR, LLC Jefferson Capital Systems, LLC Plaza Services, LLC Velocity Investments, LLC Credit Corp Solutions, Inc. JHPDE Finance I, LLC UHG I, LLC Second Round LP Absolute Resolutions Investments, LLC ADLP Investments LLC Crown Asset Management LLC Autovest LLC IF YOU ARE BEING SUED BY ...

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Getting Served with a Debt Collection Lawsuit

If a debt collection lawsuit has been filed against you and you learned about the lawsuit when your mailbox filled up with letters from attorneys telling you about it, you probably have not been served with the lawsuit yet.  It is important that you understand what it means to be served with a lawsuit and know what to do when it happens.  What does being “served” with a lawsuit mean? Getting served with a lawsuit, in the legal sense, means being formally notified that a lawsuit has been filed against you.  Generally, when you are served, you are considered to be on notice that the plaintiff has...

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Why hire debt collection defense lawyer

Often times, people hesitate to contact or hire a debt collection defense lawyer because they think they may not be able to afford one or that they can simply handle the matter on their own. Yes, you can absolutely represent yourself in a debt collection lawsuit and be successful. I did and I won. However, now that I am a trained lawyer, I look back over my case and see all of the land mines that somehow I didn't step on. The truth is, when you don't have legal experience, you don't know what you don't...

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