What do I do if I have been served with a summons by a law firm for a creditor? This is a question that I hear from time to time. The short answer is that it is time to take action. If you would [...]
Although creditors and debt collectors often say anything they want, they cannot legally demand that you return a phone call by a certain date or time. If they do make demands like that, the best [...]
What should I do if I receive a debt collection notice and want to dispute the validity of the debt?
If you receive a collection notice and want to formally dispute the validity of the debt, you must do so within 30 days from the time you receive the notice from the debt collector. If you want [...]
Yes, your wages can be garnished for non-payment of a debt. In Colorado, creditors can take 25% of your take-home pay if you do not pay a debt – but they must have a court-ordered judgment [...]
A Cease Communication letter is used to request that a debt collector stop calling you. It will not stop the collection process, nor will it stop written correspondence from your creditors, but [...]
Does the Fair Debt Collection Practices Act apply to original creditors, or is it limited to third-party debt collectors?
The Fair Debt Collection Practices Act applies to third-party creditors only; it does not apply to original creditors. However, most creditors will respect the law even if they are the original [...]