article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. To learn more about pursuing your legal rights, contact your state’s local consumer agency. or after 9 p.m.

article thumbnail

The Growth Potential of the Debt Collection Industry: An In-Depth Analysis

Collection Industry News

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Remove Absolute Resolutions Investments LLC From Your Credit Report

Better Credit Blog

Absolute Resolutions Investments LLC is a debt collection agency. While one collections entry might not do terrible damage to your credit, it can lower your score for 7 years. Calling the agency and making them a payment (or calling them at all) might not be in your best interest. Retail debt. Utility bills.

article thumbnail

How To Remove Absolute Resolutions Investments LLC From Your Credit Report

Better Credit Blog

Absolute Resolutions Investments LLC is a debt collection agency. While one collections entry might not do terrible damage to your credit, it can lower your score for 7 years. Calling the agency and making them a payment (or calling them at all) might not be in your best interest. Retail debt. Utility bills.

article thumbnail

Will You Know A “Dispute” When You See It?

FDCPA Defense

See Fair Debt Collection Practices Act, CFPB Annual Report 2015. The CFPB has also imposed new requirements for handling disputed debts in recent enforcement proceedings. The CFPB also required Encore to notify the collection agencies and law firms it retains whenever a debt has been previously disputed by the consumer.