Debt Collection Dispute Options

Summary

In Colorado, debt collectors must provide detailed validation of debt upon request. You have rights under the Fair Debt Collection Practices Act (FDCPA). Consider reviewing your rights, negotiating a settlement, or consulting a local attorney for guidance.

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I have a defaulted loan that is being handled by a third party collector. They have charged me $*,* in default fees and charges on a $*,* loan. I requested validation for these charges and they simply sent me a payment register and my original contract and refused document supported validation. We are over 30 days post arbitration.
It sounds like you're dealing with a complex situation. Here are a few points to consider:
- In Colorado, debt collectors must provide a detailed validation of debt upon request.
- You might have rights under the Fair Debt Collection Practices Act (FDCPA).
Would you like assistance connecting with local lawyers specializing in debt collection issues?
What are my opinions?
In dealing with a debt collection issue like yours, you have a few options to consider:
- Review Your Rights: Under the Fair Debt Collection Practices Act (FDCPA), you have the right to request detailed validation of the debt.
- Negotiate: Try negotiating with the debt collector for a settlement or payment plan.
- Legal Assistance: Consider consulting with a local lawyer who specializes in debt collection issues for personalized guidance.
If you'd like, I can help you connect with local lawyers who can provide more detailed assistance. Would you like to explore this option?