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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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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.

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

The Agency’s misrepresentation to debtors that they had a legal right to recover the debts owed forms the basis of the Bureau’s Consent Order. The post CFPB Reaches Settlement With Debt Collector Over Deceptive Practices appeared first on Collection Industry News.

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Sixth Circuit Examines Who is a Debt Collector for Purposes of FDCPA Section 1692(f)(6)

Consumer Financial Services Law

By Anna Claire Turpin The Sixth Circuit Court of Appeals recently explored the limitations of Section 1692(f)(6) and held that a property preservation and maintenance company was not a debt collector for purposes of that section. 1692f(6) by dispossessing her of her personal property when there was no legal right to possession.

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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. Debt Collection Laws: What Can Debt Collectors Do? Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances.

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Does Paying Off Collections Improve Your Credit Score?

Credit Corp

When you default on a payment, the company you owe may sell your debt to a third-party collection agency. When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. They can only contact your spouse, guardian, or attorney.

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What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

To better understand the Fair Debt Collection Practices Act, I’ve broken it down into three discernable parts: 1) Elements of a cause of action under the FDCPA. The FDCPA prohibits debt collectors from making false or misleading representations and from engaging in various abusive and unfair practices. 3d 1175, 1205 (M.D.