On April 5, 2017, the Colorado Attorney General’s Office issued a press release announcing that it had secured a judgment requiring a debt collection agency and two of its principals to pay approximately $491,000 in consumer restitution, penalties, and attorney fees. The judgment also prohibits the defendants from conducting business in Colorado or from collecting debts from Colorado citizens without proper licensing and full legal compliance.
According to the Colorado AG, Peak Resolution, LLC, which operated out of the Denver area from early 2014 through January 2015, illegally collected money from consumers under its own name and various aliases. The court found that Peak Resolution had violated the law by operating without a license and had engaged in numerous deceptive and abusive debt collection practices, such as fabricating criminal charges against consumers in an attempt to collect payments.
Peak Resolution’s collection methods were so egregious that the court even noted that it “appear[s] almost as if Defendants looked to the statute to see what was prohibited and then used it as a guide to do those very things.”
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