Creditors Financial Group is well-known for never letting go of a consumer until the individual is unnerved, frightened, and ashamed. Creditors Financial Group plays loose and fast with the Fair Debt Collection Practices Act. In the last year, there have been many federal lawsuits filed against Creditors Financial Group. Many clients complain about Creditors Financial Group contacting their parents, sisters, brothers, along with other relatives, and letting them know that the consumer is under collection – which undoubtedly violates federal law. They have even been known to threaten the family members and try and persuade relatives to settle a debt.
If Creditors Financial Group has your number, it’s possible that you are being harassed. They call and call, and call even more. Your initial line of protection in order to stop Creditors Financial Group harassment knows about the Fair Debt Collection Practices Act. One vital element to learn is that the law describes when debt collection agencies like Creditors Financial Group have to send you written notification. According to the FDCPA, Creditors Financial Group must inform you in writing in just five days of first talking with you. They must point out the amount of the debt, the specific lender to whom the debt is owed, and inform you that, if you do not dispute the validity of the debt within thirty days, Creditors Financial Group will assume you acknowledge that you are obligated to repay the money. The notice also needs to declare that, upon your written request within the 30 days, Creditors Financial Group will furnish the name and address of the initial creditor if it’s completely different from the current lender.
When Creditors Financial Group doesn’t inform you inside of that timeframe – or ever – they’re banking on the prospect that you will run out of time to challenge the collection claim within the required 30 days. If the debt is in dispute, it implies much more work for Creditors Financial Group, in that they have to research the debt and acquire confirmation. Creditors Financial Group can not continue to collect until they provide the requested verification.
Creditors Financial Group Contact Information
Creditors Financial Group
3131 S. Vaughn Way, Suite 110
Aurora, CO 80014
303-369-2345
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