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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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Compliance Digest – October 28

Account Recovery

Plaintiff’s counsel is on a state-wide rampage trying to hold debt buyers and debt collectors liable under an obscure licensing statute. Thus, plaintiffs are trying to vacate the default judgments to be able to bring these claims. The ruling, delivered by Judge Daphne A.

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What Is a Judgment?

Credit Corp

A judgment is an order issued by a judge or jury to settle a lawsuit. This decision details the rights, responsibilities, and obligations of each party. For example, if you fail to pay a debt, the lender can take you to court. In this case, the judge may order you to pay the other party as part of the court’s final judgment.

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How Long Before Debt Collectors Sue? The Statute of Limitations on Debt

Credit Corp

Some states also have a legal limit that prevents them from suing after a certain timeframe. Debt collectors can feel relentless. ” The answer is yes—debt collectors can sue you to recover the debts that you owe. Table of contents: When Can Debt Collectors Sue? Can they really sue me?”

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

However, the Bureau alleges that the Agency did not have the requisite licenses necessary under state law to threaten to sue, sue and collect on judgments in three states — New Jersey, Rhode Island, and Connecticut. 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.