Debt Collection Agencies Professionals in Colorado
Midland Credit Management
✓ VerifiedOne of the largest debt purchasers and collectors in the United States, handling billions in consumer debt across all 50 states.
Encore Capital Group
✓ VerifiedLeading debt purchasing and collection company specializing in acquiring and managing charged-off consumer receivables.
Portfolio Recovery Associates
✓ VerifiedMajor debt purchaser and collector with operations across the US and internationally. Specializes in consumer credit portfolios.
ACS Recovery Services
✓ VerifiedSpecialized recovery firm handling both consumer and commercial debt collection with judgment enforcement capabilities.
American Profit Recovery
✓ VerifiedProfessional collection agency helping small businesses and healthcare providers recover outstanding receivables on a contingency basis.
National Recovery Agency
✓ VerifiedFull-service collection agency with skip tracing capabilities serving government entities, utilities, and healthcare providers.
RSI Enterprises
✓ VerifiedLong-established collection agency specializing in healthcare and government receivables with a focus on compliant collection practices.
Preferred Collection and Management Services
✓ VerifiedFull-service collection agency with 40+ years of experience in healthcare and commercial debt recovery.
United Collection Bureau
✓ VerifiedLong-established collection agency specializing in utility, telecommunications, and retail credit debt recovery across the continental US.
Professional Recovery Consultants
✓ VerifiedRecovery consulting firm specializing in professional services debt collection and post-judgment enforcement for law firms and medical practices.
Quick Comparison
| Company | Fee Range | BBB Rating | Headquarters |
|---|---|---|---|
| Midland Credit Management | 25-40% | A- | San Diego, CA |
| Encore Capital Group | 20-35% | A | San Diego, CA |
| Portfolio Recovery Associates | 22-38% | A+ | Norfolk, VA |
How Debt Collection Agencies Works
The agency attempts to recover your debt through calls, letters, and legal action if needed. Their fee is a percentage of what they recover.
Typical Fee: 20-40% of collected amount
Your Rights in Colorado
Debt Collection Agencies - Colorado Regulations
Colorado collectors must comply with the federal FDCPA. Licensing requirement: Required - Colorado Collection Agency Board (DORA).
Wage Garnishment in Colorado
Up to 25% of disposable income or excess above 40x federal minimum wage (whichever is less)
Statute of Limitations - Colorado
| Debt Type | Time Limit |
|---|---|
| Credit Card | 6 years |
| Medical Bills | 6 years |
| Written Contract | 6 years |
Frequently Asked Questions
They receive a percentage (typically 20-40%) of the amount they successfully collect. If they collect nothing, you pay nothing.
Most handle consumer debts including credit card debt, medical bills, personal loans, and business invoices.
Typically 30-180 days depending on the debtor's responsiveness and the complexity of the case.
It may, but professional agencies are trained to maintain compliance with FDCPA laws and minimize conflict.
Basic debtor information (name, address, contact), the amount owed, and supporting documentation like contracts or invoices.