Debt Free Colorado

FEBRUARY 21, 2022

We’ve helped tens of thousands of people not only get through bankruptcy but also get the financial independence they needed to go on with their lives. When collecting a debt from you, collection agencies must adhere to federal and state rules. How the State of Colorado Protects Its People From Debt Collectors?

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves. In other words, when the original creditor has been unsuccessful in collecting on a debt, it will write off the debt as a loss. This is called a charge-off.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. During an automatic stay, all parties or entities mentioned above are prohibited from collecting on debts you incurred before filing for bankruptcy.

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Sawin & Shea

NOVEMBER 24, 2021

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. During an automatic stay, all parties or entities mentioned above are prohibited from collecting on debts you incurred before filing for bankruptcy.

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Better Credit Blog

APRIL 4, 2022

If you are like most people, you have dealt with or are currently dealing with debt collectors. Your rights come from the Fair Debt Collection Practices Act (FDCPA). This act lays out the rules debt collectors must follow when they attempt to collect a debt from you. So, how should you deal with debt collectors?

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Sawin & Shea

OCTOBER 26, 2022

Additionally, you can discharge a loan regardless of whether the original lender has the loan or whether the lender sold it to a collection agency or debt buyer. Even if a creditor has initiated a wage garnishment you can still discharge the unsecured loan in Chapter 7 bankruptcy.

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Credit Corp

MAY 19, 2021

A judgment can allow a creditor to file a lien against your property or garnish your accounts, for example. News , interest charges can pile up, and your wages may be garnished. To avoid a collection agency, and your debt, simply move out of the country. Ignoring your debt could lead to your passport being revoked.

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Sawin & Shea

MARCH 30, 2021

You may even have doubts about whether or not self-employed people are eligible to file for bankruptcy. 1 earner 2 people 3 people 4 people INDIANA $52,327 $66,386 $78,113 $91,772. Our attorneys have helped thousands of people just like you get the fresh start they deserve. We are here to help.

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Sawin & Shea

NOVEMBER 15, 2023

And possibly the most common question people ask is credit card debt is secured or unsecured. They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home). What is the difference? Secured vs Unsecured Debt: What’s the Difference?

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Collection Industry News

MAY 9, 2023

By identifying these assets, you can explore avenues for garnishment, liens, or other means of debt recovery. Wage garnishment can be an effective strategy if you can locate their employer. People often unwittingly reveal information about their assets, such as luxurious purchases, vacation destinations, or business ventures.

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Better Credit Blog

SEPTEMBER 17, 2020

The article below details how A1 Collections works and what you can do to get a collections entry deleted from your report. What Is A1 Collections? A1 Collections is a totally legitimate debt collection agency. Sometimes, an agency has the documentation it needs to proceed with its collection attempts.

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Credit Corp

AUGUST 31, 2021

This means that even a debt that is older than that may still be able to be collected on if you’ve made a payment sometime in the last four to six years. In some states, a collection agency cannot try to collect at all once a debt is past the statute of limitations. Can a Collection Agency Report an Old Debt as New?

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. A Chapter 13 can help people get caught up on a mortgage or car loans. Debt collection agencies can be thoroughly unpleasant. What Do the Various Kinds of Bankruptcy Entail?

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Credit Corp

JUNE 14, 2023

Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar. The collection agency may then attempt to collect the debt anew. That collection account can remain on your credit report for seven years plus 180 days from the date your bill was due in March.

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Burt and Associates

SEPTEMBER 23, 2019

People can be laid off, or other things may cause them not to pay their bills. The creditor may either use in-house debt collectors or hires an outside debt collection agency. This debt collector then will seek out to collect the past-due debt on the creditor’s behalf. The business itself hires a debt collector.

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Better Credit Blog

AUGUST 25, 2020

Though they collect from debtors across the nation, their headquarters are in Cleveland, Ohio. Unlike service providers or banks that may appear on your credit report, MB&W is a debt collection agency. With one of the three approaches below, you can get the collection agency removed from your credit report completely.

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National Service Bureau

AUGUST 19, 2015

The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Let’s take a look at some of the miscreants in the debt collection industry. You probably haven’t heard of “phantom debt collections,” but it’s a real phenomenon!

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Better Credit Blog

SEPTEMBER 8, 2020

If the collection agency cannot verify your debt in a timely manner, it should be omitted from your report promptly. You should see an improvement to your credit score and stop getting calls from the agency within a month. They might even threaten to garnish your wages, depending on where you live.

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Troutman Sanders

MARCH 22, 2021

Senators Sherrod Brown, Ron Wyden, Bob Menendez, and Chris Van Hollen introduced a bill that would extend existing rules restricting garnishment of federal benefit payments issued under the American Rescue Plan. The bill also would require such payments to be encoded, and would extend other restrictions on collection of such funds.

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Sawin & Shea

MARCH 27, 2024

The sad reality is that many people hold misconceptions regarding bankruptcy filers. When you file a Chapter 7 petition, you’ll receive an automatic stay protecting you from lawsuits and other collection efforts. So, what happens if I get a job after filing Chapter 7?

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Better Credit Blog

APRIL 1, 2022

The credit bureau agencies, Experian, Transunion, and Equifax may lower your credit score by 50 points or more, resulting in higher interest rates for any future lending ventures. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Jimerson Firm

JANUARY 16, 2023

Accredited Collection Agency Inc. , No. Additionally, it should be noted that the majority of cases where actual damages are awarded include gross allegations of harassment, threats, and what may shock the conscious of many people. See, e.g., Lane v. 6:13-CV-530-ORL-18, 2014 WL 1685677, at *8 (M.D. For example, in Goodin v.

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Collections Law

MAY 7, 2020

This local company turned to us after seeing minimal progress with a collections agency and were able to receive their monies without alienating their client. Once the pandemic ends and courts open back up, people will begin filing suit right away. An example of this comes from Mass-Conn Equipment, Inc., and Crest Tractor.

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Sawin & Shea

NOVEMBER 30, 2022

Once this happens, you may face serious ramifications, including wage garnishment and the offset of your federal tax refund and Social Security benefits. If the lender sells the loan to a collection agency after you default, you’ll also face additional fees and higher interest rates.

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Sawin & Shea

JUNE 9, 2021

In most cases, people know that they are behind on payments and are struggling to deal with the issue. You may feel as if no one is on your side, but you do have some protection from collection agencies. The FTC makes sure that the FDCPA (Fair Debt Consumer Protection Act) is followed by collection agencies.

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Sawin & Shea

OCTOBER 5, 2022

As of January 2022, around 45 million people have student loan debt, which is 13.5% Federal loans charge high-interest rates, and if you default, the government could sell your loan to a collection agency. Department of Education , a student loan servicer, a collection agency, or another company.

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Better Credit Blog

AUGUST 31, 2020

Estimates suggest that close to one-third of Americans have debt in collections. Even a single entry from a collections agency can do damage to your credit score for several years. Read on for a quick guide to dealing with the collections agency and getting it deleted from your report. The good news?

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Debt Guru

JULY 26, 2020

Continued missed payments will subject you to a world of financial hurt: Your card could be frozen, you could be hassled by a collection agency, and you might get sued. The more time you delay making a payment, the more likely you are to get calls from the credit card issuer’s internal collections agency.

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Collection Industry News

SEPTEMBER 23, 2020

. • Whatever the reason, ignoring a debt collection lawsuit can mean big trouble. In Alabama, if a judgment is entered against you, the creditor who got the judgment can do several things as far as trying to collect on the judgment. • Bond & Botes Helps People Struggling with Debt. Negotiating a payment plan.

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Better Credit Blog

AUGUST 17, 2020

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. Cavalry SPV is one of the largest debt collection agencies in the nation. Headquartered in Valhalla, New York, Cavalry has been in the business of debt collection since 2002.

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Better Credit Blog

APRIL 11, 2022

These complex records confuse a lot of people. If the status is “collection,” “charge off,” or a similar term, the account has been terminated with an unpaid balance. This could also mean the same debt appears separately as a collection agency account. Garnishments. We’ll get to that process in a bit. Foreclosure.

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Better Credit Blog

MAY 12, 2022

And, after ordering you to repay the money, a judge could approve wage garnishment which means the court would take part of your paycheck and give it to the creditor before you even see the money! Get this agreement in writing, and don’t give a creditor or collection agency your bank account information or credit card number.

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FFGN COLLECT NY

JANUARY 31, 2024

The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legal rights of the people of New York, its organizations, and its natural resources.” Victims described these tactics as “emotional terrorism.”

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