Remove Collections Remove Creditors Remove Debt collector Remove Legal Rights
article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

article thumbnail

What New Debt Collector Rules Mean for You

Nerd Wallet

Working with third-party debt collectors can be confusing and scary. adults with debt in collections, knowing their legal rights is crucial. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Does Paying Off Collections Improve Your Credit Score?

Credit Corp

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. In This Piece: What Is Collections Debt?

article thumbnail

What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. Chapter 7 is the quickest and easiest way to discharge the majority of your debts through bankruptcy. Debt Collection Laws: What Can Debt Collectors Do?

article thumbnail

What Are the Crucial Steps in the Debt Collection Process?

Taurus Collect

Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.

article thumbnail

When To Escalate An Invoice To Debt Collection Services  

Taurus Collect

Late payments can be a significant problem for any business, and when it comes to collecting unpaid invoices the situation can become difficult. It is important to know when the best time might be to escalate an invoice from your internal collection process and hand it over to professional debt collection services.

article thumbnail

What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Two important statutes for all businesses to be aware of are the Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA). Fair Debt Collection Practices Act. For example, a debt collector cannot: use violence or make repetitive telephone calls (15 U.S.C.