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Dealing with Debt Collectors

Debt Free Colorado

Does Colorado Law Protect Me From Debt Collectors? 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. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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

Collection Industry News

Introduction: The debt collection industry plays a vital role in the global economy, helping businesses recover outstanding debts and maintain financial stability. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.

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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. 2547, the Non-Judicial Foreclosure Debt Collection Clarification Act, which would reverse the unanimous decision made by the Supreme Court of the United States (SCOTUS) in 2019.

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7th Cir. Holds FDCPA Consumer’s Confusion And Hiring Attorney Not Enough For Article III Standing

Collection Industry News

Court of Appeals for the Seventh Circuit recently vacated judgment in favor of a debt collector against putative class action claims raised by a consumer that its collection letter violated the federal Fair Debt Collection Practices Act (FDCPA) by threatening action that could not legally be taken and amounting to a false representation.

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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. Take a look at the three best ways to get the collections agency off your report. ARI collects on a variety of debts, like: Bankruptcy.

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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. Take a look at the three best ways to get the collections agency off your report. ARI collects on a variety of debts, like: Bankruptcy.

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

FDCPA Defense

Were these comments made during the course of a collection phone call, or in a letter sent to the collector? Collectors must notify consumers in writing of their right to “dispute” a debt, or any portion thereof, with their initial communication. See Fair Debt Collection Practices Act, CFPB Annual Report 2015.