Legal Question in Credit and Debt Law in Georgia
Credit Questions
Is it legal for a debt collections agency or firm to call relatives, and or friends about your debts? Are charge offs still the responsiblity of the consumer?
Asked on 12/01/08, 8:04 pm
2 Answers from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Credit Questions
Yes, within limits. Google will probably help you with more information on contacting third parties. A charge off is an accounting term - has virtually nothing to do with collection (other than from a tax/accounting standpoint). Most debts that go to collectors are probably "charged off" by the original creditor.
Answered on 12/01/08, 8:08 pm
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Credit Questions
A debt being "charged off" is simply an entry by a creditor that tells the world they feel you are a deadbeat that may not pay. It does not mean you don't owe the money.
Answered on 12/01/08, 10:12 pm
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