Gerald E. Moore
Date: Fri, 12/08/2006 - 15:57
Please review the Georgia Administrative Rules through the Georgia Secretary of State, Section 120-1-14. They are entering unfair trade practices territory, which is policed by the Georgia Attorney General through the Federal Trade Commission.
In addition, there are statutes for collections of debts:
There is no license, fee or bond required to operate a Debt Collection Agency. The allowed interest rates are as follows: Legal 7% - Judgment 12% - Commercial Accounts 18%. Statute of limitations are 4 (four) years on an Open Account, 6 (six) years on a Written Contract, 7 (seven) years on a Domestic Judgment and, 5 (five) years on a Foreign Judgment. Bad check laws, which is a Civil Penalty, are as follows: After 10 (ten) day written demand double damages up to $500 and service charge at $20 or 5%, whichever is greater.
Moore&Co.
Ive tried to work with them and the more you try to pay your debt the more you are harassed. I will not give them an acount # and said I would send a check and that was not good enough. I guess capitol one really does not want to get paid..
Gerald Moore and Associates Harrassment
I received a call from them a couple of weeks ago.. requesting settlement of an account. $1100 and they wanted 60% to settle. I did not have it.I offered $100 per month.. they declined.. and then offered me to pay $250 down and then $100 per month on the full $1100. I did not have $250. So.. they advised I will be sued. I received a new call today threatening if I did not call back by 8pm central time.. they will proceed with additional legal actions.. I don't know what else to tell them.. I try to pay my bills.. this debt is over 5 years old.. and I can only pay $100 per month.. you would think if they really need/want their payment.. that they would accept the installments? any thoughts? ideas? actions I can take? thank you!
I am assuming that you have researched the company about having
I am assuming that you have researched the company about having your account. They must have validated your debt in writing after which you are making the payment arrangement. I will recommend you send a proposal in writing and an amount that you can afford now. Send the letter through certified mail with return receipt requested and keep one copy documented in your file. This will leave proof of your payment efforts. The company will have to post your payment towards the account. If they don't and file a case against you, the judge will see your proposal and verify your present financial situation. He will come to know that the amount you sent was all that you can afford this time. This will go to your favor. Keep your documentation complete with proof. Send the money that you can afford now.
One more thing you will like to check is the SOL in your state. From the date of last payment, SOL is calculated and your state has a period with which the SOL remains active. A new payment will renew the statutes from the beginning. Be sure that you have checked that part.
same thing with them
i have tried to pay them while unemployed. mind you this debt was sold 5 times they call everyday i paid what i said i could but they said i still owe 8 grand. how is that possible when they told me originally it was 5 grand. i am sad because i have spent all that i had saved and had to keep my son and myself out of school what do i do now..