Tag Archive | "Debt Collection"

Can I Get Served at Work?

Thursday, May 13, 2010

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On the list of embarrassing things, getting served with a lawsuit has to be near the top (right below having your ex show up at your wedding or losing control of a bodily function in public).  But is it illegal? Unfortunately, no. According to Rule 4(e)(1) of the Colorado Rules of Civil Procedure, a lawsuit [...]

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Colorado Man Goes to Prison for Lying on Loan Application

Friday, April 30, 2010

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Seems like no big deal, doesn’t it?  What harm could there be in lying on a loan application?  While the story below does seem pretty severe, if a lender finds out that you lied on a loan application, there will be consequences.  You could lose your loan or be sued for the amount of the [...]

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What to do if You Can’t Make Your Mortgage Payment

Friday, April 30, 2010

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The Federal Trade Commission has some helpful tips if you feel like you’re on the verge of being unable to make the payments on your home: Know Your Mortgage Do you know what kind of mortgage you have? Do you know whether your payments are going to increase? If you can’t tell by reading the [...]

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Three Lawyers Banned from Collecting Debts in Colorado

Thursday, March 11, 2010

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Colorado Attorney General John Suthers announced March 9th that attorneys from the Consumer Protection Section have reached a settlement with attorneys Jack H. Boyajian, Marvin Brandon and Karen Nations, their four law firms and one associated business barring them from violating Colorado’s debt-collection and consumer-protection laws. The consent decree, approved Monday, March 8, by a [...]

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States Consider Ban on Employee Credit Checks

Monday, March 8, 2010

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Tough economic times have a way of compounding problems. What happens when the unemployed can no longer pay all of their bills?  Unfortunately, a debtor’s story of woe is probably not going to be enough to keep a creditor from reporting late payments or an account in default.  When that happens, finding a job with [...]

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