Colorado Debt Relief | A Faster Way to Debt-Free Life With CuraDebt
With interest rates high, inflation running rampant, and employment status for many up in the air it’s an unfortunate state that millions suffer from debt. Yet with so much economic uncertainty, how can you comfortably afford to minimize debts when so much?
And if you are ready to pay down your debts, do you pay the highest rate first, the highest overall amount…where to begin?
That’s where CuraDebt comes in handy. CuraDebt can help you get out of debt and start living life on your own terms. We offer numerous services to help you get out of debt, including debt consolidation, debt settlement, and credit counseling. You can develop a plan that will fit your budget and meet your needs through one of our many helpful programs available.
Our team of experts have created the Colorado debt relief process and can help you find the best option for your needs.
With over two decades of experience in the credit and debt industry, you can access a lifetime of wisdom and guidance. CuraDebt has helped thousands of individuals struggling with credit card debt and other sources of financial stress.
If you’re considering a solution to your debt, call us at 1-877-850-3328. We’ll be happy to answer any of your questions and provide more information about the available solutions.
Table of contents
- Colorado Debt Statistics
- Colorado Consumer Protection Laws
- Options For You In Colorado Debt Concerns
- Debt Which Is Included in Colorado Debt Settlement Program
- Debt Which Is Not Included In Debt Settlement Program
- Debt That Is Included In Tax Debt Relief In Colorado
- Business Debt Relief Program In Colorado
- Top Cities in Colorado Where You Can Find Debt Settlement
- What Are The Different Options You Have For Debt Relief In Colorado?
- Debt Relief Colorado FAQs
- What Makes CuraDebt One of the Best Debt Settlement Companies in Colorado
- Get your free savings estimate at CuraDebt or gives us a call at 1-877-850-3328.
- Review the different options for debt relief at CuraDebt, to maximize your saving.
- Unable to speak with a counselor? Check out our free online analysis here.
Colorado Debt Statistics
With some of the lowest property and pension taxes in the United States, it’s no wonder people have been moving to Colorado.
Add in the beautiful nature, hiking, and skiing and one can understand why Colorado is sixth fastest-growing state in the nation.
But with a population boom, the low cost of living, housing prices, and inflation rates are gradually becoming an issue across the state.
Take inflation – the basket of goods and services that includes your gasoline, home, and grocery bill. Colorado had the single largest increase in inflation month-over-month, at 15.4% according to Congress.
This equates to $11,249 in additional yearly spending, almost twice as much as the national average!
But inflation isn’t the only thing Coloradans are struggling with. High credit card balances and consumer debt.
According to a study by Experian, Colorado’s average consumer debt for 2021 is $140,327, up 6.3% from 2020. That’s the highest in the nation, except for the District of Columbia.
Although Colorado’s average credit card debt is around $8,906 per consumer and ranks 20th in the worst of all 50 states, its residents are faced with ever challenging issues when inflation starts to come into play.
Forget your debt issues, make your whole Debt Relief journey a lot smoother, and take control of your financial situation.
Colorado Consumer Protection Laws
Colorado citizens are safeguarded from unfair debt collection practices and harassment by lenders. The Fair Debt Collection Practices Act (FDCPA) was created by the federal government as the primary consumer protection law. It shields individuals from unethical debt-collection practices including when debt collectors can contact you and how many times a day they can contact you, The FDCPA is conscious of consumer safety and protects individuals from being harassed and deceived. It ensures that no consumer is getting ripped off their basic rights by debt collection companies.
The FDCPA is relevant to debt collectors who are pursuing claims on behalf of creditors. It does not apply to creditors who are seeking debt collection.
If you are tired of disturbing phone calls, speak with a counselor at CuraDebt. CuraDebt ensures you get your rights and will be your advocate and guide to help you defend against illegal debt collection tactics.
Options For You In Colorado Debt Concerns
What Is Debt Settlement and How Does It Work?
Debt settlement, also known as debt negotiation, is a way to negotiate with your creditors to pay less than the full amount that you owe in debt. With a Debt Settlement Program, you can reduce late charges, interest rates, and other costs.
If you are unable to pay the full amount due to any issue, the professional expertise of CuraDebt can help to reduce some burden.
CuraDebt will use its decades of background and expertise to help you get the best possible debt terms. As soon as you get a personalized settlement letter, you can become assured that getting debt-free in just a matter of a few years.
Benefits Of Debt Settlement
Some of the benefits of debt settlement are:
- Bankruptcy alternative
- Relief from devastating debts
- Pay off your debt in a timely manner
Factors Affecting Debt Settlement
After debt settlement, the total savings depend on a variety of circumstances, including
- Financial history
- Experience and Knowledge of Debt Negotiator
- Type of debt
- Age of debt
- Your previous payment history
- Current financial situation
Debt Which Is Included in Colorado Debt Settlement Program
- Credit cards
- Car repossession (repo)
- Credit unions
- Department store cards
- Old accounts in the collection
- Personal loans
- Personal lines of credit
- Private student loans
- Signature loans
- Medical bills
- Any type of unsecured debt
Debt Which Is Not Included In Debt Settlement Program
- Car loans
- Credit Union debts
- Federal student loans
- Home mortgages
- Some other secured debts
- Some Medical / Hospital bills
Debt That Is Included In Tax Debt Relief In Colorado
CuraDebt will help you by directing you in the right path if you are dealing with tax debt. CuraDebt can assist you with these types of tax payments:
- State Taxes
- Federal Taxes
- Payable Taxes
- Taxes from the spouse you feel you don’t owe
- Audit Tax Assessment
- Other Types of Tax Debts
Business Debt Relief Program In Colorado
CuraDebt is completely aware of the value of your business. CuraDebt will help your business with these types of debt:
- Business Debt
- Lines of Credits
- Merchant Cash Advance
- Other types of loans, that are unsecured
Top Cities in Colorado Where You Can Find Debt Settlement
- Denver Debt Settlement
- Colorado Springs Debt Settlement
- Aurora Debt Settlement
- Fort Collins Debt Settlement
- Lakewood Debt Settlement
- Thornton Debt Settlement
- Arvada Debt Settlement
- Westminster Debt Settlement
- Pueblo Debt Settlement
- Centennial Debt Settlement
In addition to the above-mentioned cities, we serve all cities and towns in Colorado.
What Are The Different Options You Have For Debt Relief In Colorado?
Before filing for bankruptcy, look into some of the other relief options that are available to you. Some options include:
- Make Regular Minimum Payments
This is the simplest, and cheapest (in the short-term) option, but comes with obvious long-term consequences.
The most frequent problems with making minimum payments are:
- Your debt will start to grow exponentially.
- Your credit score will decline.
Very quickly, your few months of minimum payments have ballooned. Additionally, it will take you many years to get into debt free which is not an ideal situation.
In short, having this option seems like a good choice but it will make your life much more difficult. If there’s one recommendation we have, it’s to avoid monthly minimums as often as you can.
- Balance Transfer of Payments
This is simple on paper: transfer a balance from one credit card to another credit card.
However, with time your interest rate on your new credit card will go up, so you will end up back in the same mess as before. Also, keep in mind one hardship and one late payment will be enough to spike rates worse than before.
Finally, transferring a balance to a new credit card can potentially be seen as fraud by the credit card company if you are not consistent with payments. Over time, credit card investigators will review your account, and again, this won’t help your situation. In short, balance transfers may not be a great option.
- Colorado Credit Counseling / Debt Management Programs (DMP)
Credit counseling offers DMPs for people who are struggling with high-interest unsecured loans, like credit cards, where you don’t have to take out a bank loan. These agencies are run by non-profit organizations.
With a DMP, you will be able to lower your monthly payments and interest rates. The creditor reduces your interest rate in exchange for a monthly payment. When paying through DMPs, your debts will be consolidated into one payment which will simplify your financial obligations. DMPs aren’t for everybody, so make sure you do your research and understand what they offer and what their cons may be.
- Unsecured Debt Consolidation Loans in Colorado
Some examples of unsecured loans are credit cards, personal loans, and student loans. They are loans that are not backed by collateral. So for example, if you default on a loan payment, there is nothing that they can physically take from you.
Juggling multiple unsecured loans and having to remember to pay each one can make it very hard and confusing. You will be paying at least one bill every week to meet the multiple debt payments you owe.
So, is paying multiple debts ideal for you? Not. Thankfully, there is a way that enables you to pay only one single payment every month.
Now think about this option as a form of debt relief.
Wouldn’t it be easier for you to pay just one bill monthly, that too at a lower interest rate?
This is known as Debt Consolidation and it might be exactly what you’re looking for. Debt consolidation is the process of taking out one loan to pay off several separate loans.
It is like a hero who saves you from a lot of trouble. You won’t have to set reminders for every debt payment or make time out of your busy schedule.
You can just take out one loan to consolidate all other loans. You will just have to make one single payment every month.
You typically receive a lower initial interest rate. Plus, having only a single bill to pay will ease your nerves. Yet, debt consolidation may come with some disadvantages so it is crucial that before taking this step, you understand everything that comes with it.
At CuraDebt, we will make sure this step is right for you before you commit to it.
- Secured Debt Consolidation Loans in Colorado
Secured loans are loans that are given and backed by collateral. Such examples of this would be a mortgage loan or an auto loan. If you default on these loan payments, the lender can use that asset as payment. The lender has the legal right to seize your property if you are not able to repay the loan because of unforeseen reasons.
One of the benefits of getting a secured loan is they are easier to obtain.
The lender sees it as less risk for them because if the borrower defaults, they likely don’t need to worry about never seeing their money again. Additionally, the interest rates with this type of loan can be lower.
On the other hand, it can be highly risky for the borrower because if you do this, you risk the chance of losing your home or car.
However, if this is done with professional help like CuraDebt, you can get some room to breathe. With the lowest interest rates and high savings, CuraDebt will come to your rescue.
- Colorado Credit Counseling
Credit counseling can be a very valuable tool when trying to manage your finances and debt. With countless years of experience and expertise, credit counselors can help you to manage your debt.
This approach is intended to assist borrowers who are struggling to manage their debt. People who want to consolidate their debts or raise their credit scores might also benefit from it.
There is not a single moment of doubt that it used to be a good option. However, over time, fees and interest rates rise tremendously.
Counselors answer your inquiries and also give information on various debt repayment choices, such as payment plans or hardship exemptions from late fees or other costs.
- Filing for bankruptcy in Colorado
In Colorado, filing for bankruptcy is the last remaining choice. Chapter 7 bankruptcy will apply if your income is lower than the median income in your state.
Chapter 13 bankruptcy may be an option if your salary is higher than the state median income but you are still unable to repay the debt.
Your business will be subject to Chapter 11 bankruptcy if it is insolvent and unable to pay its debts.
Bankruptcy is the last possible and least preferable solution. Before taking any decision to declare bankruptcy, you should discuss it with a professional – whom you understand the ramifications that may stay with you for decades.
- Merchant Cash Advance (MCA)
A Merchant Cash Advance loan is a loan for operating firms that require additional funds to manage different business operations.
Business receivables are a guarantee for MCA loans. If your company is unable to repay a loan, the lender will be allowed to collect receivables in your name.
Your business is a result of your hard work. While leverage can be used to relieve yourself of debt, it seems like a good idea. However, you seriously risk hurting yourself, any employees, and your clients if this goes wrong.
Even worse, any risk to your revenue will make it more difficult for you to repay your debt if this business is how you get your money exclusively or largely.
Debt destroys both people and families. You will begin to observe changes with expert assistance and direction. For your debt relief, a reputable company like CuraDebt is necessary. Learn more about it here.
Debt Relief Colorado FAQs
How long can a lender go after you to collect debt in Colorado?
In Colorado, the deadline is 6 years for most types of debt. However, there is an exception, on your auto loan which can only be enforced for 4 years.
Do you qualify for debt settlement in Colorado?
This program is specifically designed for people who are experiencing problems like income loss or unforeseen bills.
Do you frequently make only the minimum payments because of debt problems? Are you still battling debt that has outgrown your expectations?
Get in touch with a CuraDebt counselor to find out if you’re eligible. We will assess your cashflows to see whether you are eligible for this program. A free estimate of your savings from the debt relief program will be sent to you by us.
CuraDebt will work for you and significantly reduce the cost of your debt settlement. You can pay off your debt faster with CuraDebt.
How Much Will It Cost?
In Colorado, there are numerous debt relief options, each with its requirements.
Some programs offer immediate assistance, while others ask you to wait until the start of their payment plan before receiving any funds in exchange for paying off your debts more quickly than usual.
With unmatched service, CuraDebt gives you the best competitive rates. Most importantly, CuraDebt’s Debt Relief Program does not require an upfront fee.
What Makes CuraDebt One of the Best Debt Settlement Companies in Colorado
- We’ve helped settle millions of dollars of debt
- We have helped thousands of people since 1998 and have the MOST experienced staff in the industry.
- CuraDebt is one of the oldest and most experienced companies in the U.S.
- We are IAPDA and BSI certified.
- We provide a free saving estimate and devise a plan specifically modeled toward your needs.
- No hidden charges. Honesty and integrity are what we stand for.
- Our success rate is high because client satisfaction and happiness are the main mission at CuraDebt.
- Over 1000+ reviews and a 5-star rating on Customer Lobby
- With a 4.9 star average on Shopper approved, we are the most trusted company by people across the USA.
- 140+ Google reviews with an average of 4.9-star ratings
- CuraDebt is a Good Standing Member of the Online Business Bureau, American Fair Credit Council, US Chamber of Commerce, and AFCC.
- Getting our clients the best possible settlement with creditors is something we know how to do.
- We help settle debts quickly. We’re incredibly efficient and cost-effective as well. Our top-notch customer service ensures to address any queries or concerns our clients may have.
With CuraDebt, you are in the right hands. With perfect ratings and zero complaints, we are confident we are the best in our industry. We are more resourceful than any competitor in the market and help you at every step along the way.
Get rid of your high-interest-rate debt and create a debt-free future with us.
Call 877-850-3328 for a free consultation now!