Americans are taking on more and more debt, and consumers in Georgia are no exception. With a 2.1 percent increase in household debt in the latter part of 2013, it may not come as a surprise to learn that some of these Americans struggled with making payments on some of their debt. When a company is unable to collect on a debt, it sometimes sells it off to a debt collection agency, who then seeks to collect on it. While this is not an uncommon activity, some debt collectors in Georgia are now facing federal criminal charges.
About a year ago, Georgia Tech launched an investigation after suspicions arose about where certain grant money was actually going. Although no criminal charges have been filed yet, some expect that the local district attorney will be filing some soon. Additionally, those involved could also potentially face federal charges.