Debt collector barred from doing business

Keith Loria May 21, 2010, 12:00pm


DENVER (Legal Newsline) - A Denver-based debt collection company has been barred from collecting debts in the state, Colorado Attorney General John Suthers announced on Friday.

Named in the order was David Faith Corporation, which allegedly engaged in fraudulent and threatening debt collection practices in the state, including trying to collect debts without first getting a license.

The company's owner, Chad Lee, was also named in the order for allegedly misrepresenting his criminal history on the company's licensing application.

"Colorado debt collection laws are intended to shield consumers from collection agencies and scam artists that engage in fraudulent or threatening behavior," Suthers said.

"This case underlines my office's commitment to keeping companies that abuse consumers out of Colorado. Consumers should familiarize themselves with their rights under Colorado law and report debt collection companies, like the David Faith Corporation, that engage in questionable or illegal behavior to my office."

According to the order, the David Faith Corporation's application for a debt collection license was denied and the company and its owners are barred from starting any other debt collection firm in Colorado.

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