Colorado debt relief

Colorado Debt Relief Company

What is Colorado Debt Relief?

Colorado Debt relief is the reduction of debt through a debt settlement program or debt consolidation. Pacific Debt specializes in debt settlement and we take an active approach to reduce your debt for substantially less than you currently owe. Most types of debt qualify for our debt relief program, including credit card debt, or any other type of unsecured debt.

How Does Colorado Debt Relief Work?

The first step of the Colorado debt relief process is to have a FREE phone call with one of our debt specialists who can discuss with you all your options so you fully understand your position and what steps need to be taken with your creditors in order to reduce your debt. The debt relief program works by having you deposit an agreed amount in your very own escrow bank account. Once enough funds have been built up, our debt negotiators will get started negotiating a substantial debt settlement amount with your creditors. The program usually takes anywhere from 2-4 years to complete because everyone’s financial situation is different.

Is Colorado Debt Relief Legit?

Pacific Debt has helped countless Colorado residents reduce their unsecured debt. Since 2002, we’ve settled over $200 million in credit card debt for our debt relief clients. Contact us today to see how we can help. If you find yourself searching for information on Colorado debt consolidation, or you are searching for a debt management plan in the state of Colorado, you could benefit from a free conversation with our debt specialists.

We understand what it’s like to have your back against the wall with high interest rates on your existing debts from creditors or your monthly payments that are out of your reach. Speak to one of our debt management experts to see if we can help you reduce your debt. You should see if you are eligible for our CO debt relief program to see if we can help lower your monthly payments, or even help you become debt free. If you are looking for personal loans or debt consolidation loans but have bad credit, our debt settlement program might be perfect for you!

We are experts at debt negotiation so please call us today to work out a debt relief custom plan for your financial situation. Your credit report might take a hit but in most cases it’s better to take the hit sooner than later, then once your unsecured debt is settled, you can work on fixing your credit after that.

Debt Relief Reviews

Pacific Debt offers a FREE Consultation to anyone looking at debt settlement options. Our Colorado Debt Relief Program is designed to try to get you out of debt in 2-4 years.

Better Business Bureau

Pacific Debt is an A+ rated business with the BBB. We have been accredited since 2010. We have received 4.87 out of five stars based on 40 customer reviews with the BBB. We have helped countless debt relief residents in Colorado struggling to pay their credit card balances. Luckily, Pacific Debt is available to help Colorado residents get the information they need in order to figure out the right course of action. Our debt specialists can help you with a FREE consultation.

Colorado Debt Relief Help

Click here to chat with a credit counselor for FREE!, or call us at 800-909-9893

We can help you and your family with relief from debt in the state of Colorado.

Colorado Residents

Colorado is home to the Fourteeners – a series of mountain peaks all over 14,000 feet high, the Denver Broncos, ski resorts, Dinosaur National Park, and some glorious vistas. No matter if you want a quiet country town, outdoor sports, theater, shopping, or a booming city, Colorado has it all.

As a result, Colorado is ranked #21 for population. Since the state is large, Colorado only ranks #31 for population density.

As of 2018, over 5 million people called Colorado home. Denver is the largest city in Colorado and ranks as the 21th largest city in the US.

Income in the State of Colorado

The median state income is $69,117. As of 2019, the minimum wage is $11.10 per hour. Unfortunately, 11.7% of Coloradan children under 18 live in poverty. For residents overall, 10.3% of all people in Colorado live under the poverty level.

  • Median state income: $69,117
  • Minimum wage: $11.10/hour
  • Children in poverty: 11.7%
  • People in poverty: 10.3%

Is Colorado a Community Property State?

Unfortunately, Colorado is not a community property state. Therefore your assets are not seen as equally owned by you and your spouse. Currently, there are only 10 states that are community property states.  In the state of Colorado, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.

There are 10 community property states in which the state sees your assets as community property are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.

Homeowners in CO

More than half (64.7%) for Coloradans hold a mortgage. The median home price in Colorado is $367,440 (2018). Of course, that median price depends on the location with some areas being much higher.

  • Homeowner rate: 64.7%
  • Median home price: $367,440

Click here to speak to a credit counselor for FREE!

Colorado Employment

Colorado has recovered from the depression and the current unemployment rate is 2.9%. However, the underemployment rate is 6.3%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.

If this is you, we can help. Pacific Debt offers Colorado debt relief solutions tailored to your unique situation and budget. A certified credit counselor will help you work up a budget and explain your debt relief options. We can even help you discuss a debt management plan.

  • Unemployment: 2.9% (2018)
  • Underemployment: 6.3% (2017)

Colorado Debt Stats

Coloradans carry a lot of debt. The median credit card debt is $2,985 (2019). The average student loan debt is lower than the US average but is $26,530. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Coloradans to get into debt.

  • Avg credit card debt: $2,985 (2018)
  • Avg mortgage debt: $258,026 (2017)
  • Avg student loan debt: $26,530 (2017)

Statute of Limitations Colorado Debt

The Colorado debt statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.

For debts taken out in Colorado, the following are the statutes of limitations for different types of debt.

  • Oral agreements: 6 years
  • Written contracts: 6 years
  • Promissory notes: 6 years
  • Credit cards and other revolving loans: 6 years

Debt Consolidation Company in Colorado

If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top-ranked debt relief company located in San Diego. We have helped countless people in the state of Colorado with debt relief. Contact us today so we can help you too!

We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills and repossessions.

It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help. Call us and inquire about our CO debt relief program and how it can help you.

Colorado Debt Collection Laws

Colorado residents are protected against unscrupulous debt collectors. The Federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the Colorado Fair Debt Collection Practices Act (CFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.

Overall, debt collectors can NOT:

  • Charges more than 10% interest
  • Garnish more than 25% of wages
  • Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
  • Accusing you of committing a crime for not paying the debt
  • Make/threaten to make defamatory statements to someone else
  • Threaten arrest, to seize assets, or garnish wages, unless actually planning to take such action
  • Use obscene or profane language
  • Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
  • Call you repeatedly or let your phone ring repeatedly
  • Call frequently
  • Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
  • Reveal information about debt to anyone except your spouse or your parents if a minor.
  • Publicly publish your name for failing to pay
  • Send a postcard or letter with revealing information on the envelope
  • Claim to be someone other than a debt collector, including a governmental official
  • Use stationary that appears to be from a law firm
  • Charge you collection or attorney’s fees unless legally allowable
  • Threaten to report you to a credit reporting agency if they have no intention of doing so
  • Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is

Debt collectors must:

  • Disclose caller identification
  • May contact your family to locate you
  • Must serve you with notice of a lawsuit if suing you
  • Must sue you in the county where you first incurred the debt

Colorado Bankruptcy Court Information

Bankruptcy is a legal action that can erase most of your debt, and your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Colorado.

Persons filing for bankruptcy must:

  • Complete credit counseling within six months before filing for bankruptcy.
  • Complete a financial management instructional course after filing bankruptcy.
  • Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
  • Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
  • Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
  • File for bankruptcy
      • Chapter 7 bankruptcy fee is $306
      • Chapter 13 bankruptcy fee is $281
  • Meet with court assigned bankruptcy trustee
  • Attend a Meeting of Creditors
  • Confirm plan if filing for Chapter 13 bankruptcy

DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.

Pacific Debt Provides Debt Relief To Colorado Cities

Acres Green
Aguilar
Air Force Academy
Akron
Alamosa
Alamosa East
Allenspark
Alma
Antonito
Applewood
Arboles
Aristocrat Ranchettes
Arriba
Arvada
Aspen
Aspen Park
Atwood
Ault
Aurora
Avon
Avondale
Basalt
Battlement Mesa
Bayfield
Bennett
Berkley
Berthoud
Bethune
Beulah Valley
Black Forest
Black Hawk
Blanca
Blue River
Bonanza
Boone
Boulder
Bow Mar
Branson
Breckenridge
Brighton
Brookside
Broomfield
Brush
Buena Vista
Burlington
Byers
Calhan
Campion
Campo
Canon City
Carbondale
Carriage Club
Cascade-Chipita Park
Castle Pines
Castle Rock
Castlewood
Cedaredge
Center
Central City
Cheraw
Cherry Hills Village
Cheyenne Wells
Cimarron Hills
Clifton
Coal Creek
Coal Creek
Cokedale
Collbran
Colorado City
Colorado Springs
Columbine
Columbine Valley
Commerce City
Cortez
Cottonwood
Craig
Crawford
Creede
Crested Butte
Crestone
Cripple Creek
Crook
Crowley
Dacono
De Beque
Deer Trail
Del Norte
Delta
Denver
Derby
Dillon
Dinosaur
Dolores
Dove Creek
Downieville-Lawson-Dumont
Durango
Eads
Eagle
Eagle-Vail
East Pleasant View
Eaton
Eckley
Edgewater
Edwards
Eldora
Eldorado Springs
Elizabeth
El Jebel
Empire
Englewood
Erie
Estes Park
Evans
Evergreen
Fairplay
Federal Heights
Firestone
Flagler
Fleming
Florence
Fort Carson
Fort Collins
Fort Garland
Fort Lupton
Fort Morgan
Fountain
Fowler
Foxfield
Franktown
Fraser
Frederick
Frisco
Fruita
Fruitvale
Garden City
Genesee
Genoa
Georgetown
Gilcrest
Glendale
Gleneagle
Glenwood Springs
Golden
Gold Hill
Granada
Granby
Grand Junction
Grand Lake
Grand View Estates
Greeley
Green Mountain Falls
Greenwood Village
Grover
Gunbarrel
Gunnison
Gypsum
Hartman
Haswell
Haxtun
Hayden
Heritage Hills
Highlands Ranch
Hillrose
Holly
Holyoke
Hooper
Hotchkiss
Hot Sulphur Springs
Hudson
Hugo
Idaho Springs
Ignacio
Iliff
Indian Hills
Jamestown
Johnstown
Julesburg
Keenesburg
Ken Caryl
Kersey
Keystone
Kim
Kiowa
Kit Carson
Kittredge
Kremmling
Lafayette
La Jara
La Junta
Lake City
Lakeside
Lakewood
Lamar
Laporte
Larkspur
La Salle
Las Animas
La Veta
Leadville
Leadville North
Limon
Lincoln Park
Littleton
Lochbuie
Loghill Village
Log Lane Village
Lone Tree
Longmont
Louisville
Louviers
Loveland
Lyons
Manassa
Mancos
Manitou Springs
Manzanola
Marble
Mead
Meeker
Meridian
Merino
Milliken
Minturn
Moffat
Monte Vista
Montezuma
Montrose
Monument
Morrison
Mountain View
Mountain Village
Mount Crested Butte
Naturita
Nederland
New Castle
Niwot
Northglenn
North Washington
Norwood
Nucla
Nunn
Oak Creek
Olathe
Olney Springs
Ophir
Orchard City
Orchard Mesa
Ordway
Otis
Ouray
Ovid
Padroni
Pagosa Springs
Palisade
Palmer Lake
Paoli
Paonia
Parachute
Parker
Peetz
Penrose
Perry Park
Pierce
Pitkin
Platteville
Poncha Springs
Ponderosa Park
Pritchett
Pueblo
Pueblo West
Ramah
Rangely
Raymer
Red Cliff
Red Feather Lakes
Redlands
Rico
Ridgway
Rifle
Rockvale
Rocky Ford
Romeo
Roxborough Park
Rye
Saguache
St. Mary’s
Salida
Salt Creek
Sanford
San Luis
Sawpit
Security-Widefield
Sedalia
Sedgwick
Seibert
Severance
Sheridan
Sheridan Lake
Sherrelwood
Silt
Silver Cliff
Silver Plume
Silverthorne
Silverton
Simla
Snowmass Village
South Fork
Southglenn
Springfield
Starkville
Steamboat Springs
Sterling
Stonegate
Strasburg
Stratmoor
Stratton
Sugar City
Superior
Swink
Tabernash
Telluride
The Pinery
Thornton
Timnath
Todd Creek
Towaoc
Trinidad
Twin Lakes
Two Buttes
Vail
Victor
Vilas
Vona
Walden
Walsenburg
Walsh
Ward
Welby
Wellington
Westcliffe
Westcreek
Westminster
West Pleasant View
Wheat Ridge
Wiggins
Wiley
Williamsburg
Windsor
Winter Park
Woodland Park
Woodmoor
Wray
Yampa
Yuma

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