Legal Question in Credit and Debt Law in Colorado

I was contacted by an out of state law firm about a payday loan that i didn't pay. The gentleman threw out all kinds of consequences if i didn't pay them over the phone. What can legally happen? He said its a class D felony and that my license will be suspended. is this true? I want to pay it but need to make payments.


Asked on 7/06/10, 6:53 pm

1 Answer from Attorneys
Robert Murillo Pivotal Legal Ltd.

Based on your limited facts, the debt collector may have violated the Fair Debt Collection Practices Act and the related Colorado Act. This site has a good discussion on your rights related to debt collections and has various form letters. http://www.privacyrights.org/fs/fs27-debtcoll.htm. This site discusses the similar Colorado act and you may want to consider filing a complaint http://www.coloradoattorneygeneral.gov/departments/consumer_protection/uccc_cab/cab/consumer_rights_information_english.

Depending on the facts, you may be able to sue them for this violation. You should contact an attorney to review the matter and determine your options.

DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney-client relationship.

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Answered on 7/07/10, 7:51 am


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