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Dealing with Debt Collectors

Debt Free Colorado

We work hard to ensure that our clients have a thorough understanding of their legal alternatives to make informed financial decisions for themselves and their families. In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors?

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

According to the Bureau’s Consent Order, the Agency began purchasing and collecting on consumer debt beginning in 2012, and hired debt collection law firms to assist in their collection efforts by suing debtors in 2014.

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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 also known as liquidation bankruptcy because in exchange for receiving a discharge of most kinds of debts, the debtor has to give up non-exempt assets.

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Recent Trends and Common Allegations in FCCPA Litigation

Jimerson Firm

Unlike the FDCPA, which only applies to debt collectors, the FCCPA applies to all persons or businesses collecting consumer debts. As such, whether the consumer lawyer intends to pursue the class or not, this is seen as a tactic to increase settlement value for the debtor, even if the settlement is only on an individual basis.

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What Are the Crucial Steps in the Debt Collection Process?

Taurus Collect

Bailiffs: In certain jurisdictions, bailiffs may be employed to seize assets if a debt remains unpaid. Establishing Contact with the Debtor The first step in the debt collection process is establishing contact with the debtor. Debt Verification: If requested by the debtor, you must verify the debt.

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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

Remember, in the ‘No Collection No Fee Debt Collection’ model, the agency is incentivised to recover the debt as their payment is contingent on their success. They can’t harass debtors or act unfairly. However, they must respect the debtor’s wishes if they are asked not to call at certain times.

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Can Stimulus Checks Be Garnished in California?

Direct Recovery

Like many other consumer-focused states, California has put a number of different protections in place that forbid debt collectors from garnishing those valuable stimulus checks. Let’s dive into the details and break down exactly what debt collectors can and cannot do right now. The Judgment Factor.