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Dealing with Debt Collectors

Debt Free Colorado

Bankruptcy may appear to be a scary process, but it does not have to be. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.

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Charged Off as Bad Debt: An Explainer

Credit Corp

Unless you settle or file for certain types of bankruptcy —or the statute of limitations in your state has been reached—you’re still responsible for paying back the debt. Once you have enough money to negotiate, contact the original creditor. Ongoing Apr: 12.99%, 17.99% or 22.99%, based on your creditworthiness.