AG's Office Sues Defunct Debt Collector for $456K Unpaid Fine
Earnest Earvin IV and Zenith Financial Group were shut down by Georgia's consumer protection agency in 2015 and agreed to pay $460,000 in fines. A petition to enforce the judgment says less than $4,000 of that obligation was met.
January 31, 2018 at 06:26 PM
3 minute read
The owner of a collections agency that was shut down in 2015 and forced to write off more than $3 million in debt by Georgia's consumer protection agency is now the subject of a collection action himself after failing to pay nearly a half-million dollars in fines.
A petition to enforce judgment filed Monday by the office of Attorney General Chris Carr said Earnest Earvin IV, owner of the now-defunct Zenith Financial Group, agreed to pay $460,000 as part of a compliance agreement with what was then the Governor's Office of Consumer Protection.
The agreement stipulated that Earvin would make 36 monthly payments of $416.66 and a final payment of $445,000. He also agreed to stay out of the debt-collecting business for five years. Under the terms of the agreement, the final payment of $445,000 would be waived if Earvin lived up to the rest of agreement.
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