Debt Free Colorado
FEBRUARY 21, 2022
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. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states.
Collection Industry News
JUNE 1, 2023
Automated debt collection software, artificial intelligence (AI), and machine learning algorithms have improved efficiency, accuracy, and customer interactions. These technologies enable debt collectors to automate repetitive tasks, streamline workflows, analyze data more effectively, and personalize communication with debtors.
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Collection Industry News
JANUARY 29, 2021
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.
Taurus Collect
APRIL 9, 2024
Offering flexible repayment plans can facilitate quicker settlements, reducing the need for formal debt collection interventions. Regularly Review Client Creditworthiness: Conduct periodic reviews of clients’ credit status. Offer Flexible Payment Solutions: Sometimes, clients face genuine financial difficulties.
FDCPA Defense
MAY 6, 2014
The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. Equifax Check Services, Inc., 3d 410, 418 (7th Cir.
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