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Dealing with Debt Collectors

Debt Free Colorado

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.

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Charged Off as Bad Debt: An Explainer

Credit Corp

A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. Credit card debt was more likely to be charged off than other forms of debt. But what is a charge-off, and how much does it impact your credit if your balance is charged off as bad debt?

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How To Remove Absolute Resolutions Investments LLC From Your Credit Report

Better Credit Blog

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. Paired with other late payments, a limited credit history, or a lack of credit variety, it can seriously hurt your score.

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How To Remove Absolute Resolutions Investments LLC From Your Credit Report

Better Credit Blog

ARI collects on a variety of debts, like: Bankruptcy. Credit card debt. Retail debt. When you fall behind on payments, your debt could be turned over to a collections agency like ARI. Paired with other late payments, a limited credit history, or a lack of credit variety, it can seriously hurt your score.

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

Collection Industry News

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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What is Debt Consolidation and How Does it Work?

Better Credit Blog

You can combine credit card debt, car finance, personal loans, student loans, medical bills, payday loans, and other types of unsecured debt. But is debt consolidation a good idea for you? Applying for new credit and opening new agreements can temporarily make a dent in your credit rating. Bankruptcy.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.