SquareTwo Financial, formerly known as Collect America or CACH, is a large debt collection agency. According to the company’s linkedin page, SquareTwo Financial creates an effective way for companies and consumers to resolve their debt commitments. The company is located at 4340 South Monaco Street Suite 200, Denver, Colorado and can be reached at 303-712-1247.
SquareTwo, a major debt buyer organization, operates with its subsidiary CACH, LLC (previously collect America). Their role involves buying overdue debts—like personal loans, credit card balances, healthcare bills, and overdue automotive debts—that original creditors couldn’t recover. Once acquired, they distribute these debts to various law firms across the country. These law firms then attempt to collect the debts, often resorting to legal actions, including lawsuits against debtors. If you’re dealing with collection efforts from SquareTwo or its subsidiary, understanding this process can be important.
The debt collection process typically involves several stages, and while the specifics can vary, here’s a general overview:
Throughout this process, it’s important for consumers to be aware of their rights under consumer protection laws, such as the Fair Debt Collection Practices Act (FDCPA). Seeking professional advice is a crucial step in managing the debt collection process.
If you don’t respond to a debt collector, things can get tough for your finances. They won’t stop trying to get the money, sending letters, emails, or calling you. Your credit score could take a hit, making it harder to borrow money in the future. If you owe a lot, they might take you to court. If they win, the court could allow them to take money from your wages, bank account, or put a claim on your stuff.The debt might grow with added interest and fees. By not responding, you limit your chances to work out a deal. It’s better to check if the debt is legit, talk in writing, know your rights, and maybe get advice from a pro. Ignoring them might make things worse, but thoughtful responses and expert help can make it better.
CuraDebt has plans to find a solution that works for both you and your creditors, including SquareTwo Financial. Our goal is to save you time and money, focusing on your needs without pushing you into more debt. We offer a bankruptcy alternative, paving the way for a healthier financial future. As of May 2023, CuraDebt boasts a perfect 5 out of 5 score on CustomerLobby, backed by 1179 customer views. We’re proud to be an Accredited Member of the American Fair Credit Council. For a free consultation, call us toll-free at 1-877-850-3328. We specialize not only in personal debt relief but also in business debt relief and tax debt relief.
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