Colorado Debt Relief

Colorado’s mix of mountain-town living and rapidly rising housing costs has left many families stretched thin. The average household debt here exceeds $90,000, and credit card balances are among the highest in the region. From Denver to Durango, residents across the Front Range and Western Slope face rising rent, steep grocery prices, and increasing medical bills. Whether you live in Pueblo, Grand Junction or Fort Collins, ClearOne Advantage helps Coloradans regain control with personalized debt relief programs built around your budget and goals.

Key Highlights

• $3 Billion+ in Debt Resolved
• A+ BBB Accredited
• Average 45% Savings from time of enrollment and before fees
• Certified Debt Specialists

How Debt Relief Works in Colorado

Our Certified Debt Specialists work directly with your creditors to reduce what you owe and create one manageable monthly plan payment. Most Coloradans complete their program in 24 to 48 months.

Four Simple Steps

1. Free Consultation: Review your financial situation with a Certified Debt Specialist.
2. Personalized Plan: Get one affordable monthly plan payment tailored to your budget.
3. Resolve your Debts: We work with your creditors to lower balances and help you reach relief faster.
4. Graduate & move forward: Once your enrolled debt is resolved, you can focus on what truly matters.

Debt Relief Options for Colorado Residents

Debt Settlement

Many Coloradans, especially in high-cost areas like Denver or Colorado Springs, turn to debt settlement when monthly payments become unmanageable. ClearOne Advantage negotiates directly with creditors so you can resolve debts for less than you owe.

Debt Consolidation

ClearOne can connect you with a trusted partner that can determine if you qualify to combine multiple high-interest debts into a single predictable monthly payment, often at a lower effective rate. Debt consolidation fits Coloradans with steady income who want a simple, structured approach to repayment.

Debt Management Plan (DMP)

By using a debt management plan through our nonprofit credit-counseling partners, you may be able to lower credit-card interest rates to about 8 percent and pay off debt in three to five years, without taking out another loan.

Bankruptcy Alternatives

If debt relief programs aren’t the right fit, bankruptcy may be a viable option. ClearOne can connect you with trusted professionals to explore Chapter 7 or Chapter 13 bankruptcy options in Colorado. [See Which Option Fits You Best]

Colorado Debt Statistics and Financial Snapshot

• Average household debt: $90,500 [1]
• Average credit-card balance: $6,416 [2]
• Average student-loan debt: $37,393 [3]
• Median household income: $92,470 [4]
• Average credit score: 731 [5]

Colorado households carry about 10% more debt than the national average, driven by the state’s competitive housing market and higher cost of living. Professional debt relief programs can help residents keep pace with everyday expenses while reducing financial stress.

Colorado Consumer Protections and Debt Laws

Colorado Fair Debt Collection Practices Act (CFDCPA)

Enforced by the Colorado Attorney General’s Consumer Protection Section, this law protects residents from harassment, threats, or misleading collection tactics. Debt collectors cannot contact you outside of reasonable hours or misrepresent what you owe.

Statute of Limitations on Debt

In Colorado, the statute of limitations depends on the type of debt. For credit card debts, oral contracts, and some written contracts, the statute of limitations is three years (Colorado Revised Statutes §13-80-101). [6] This means creditors generally have three years from the last payment or activity to sue. However, written contracts and promissory notes typically have a six-year limitation period (Colorado Revised Statutes §13-80-103.5), [7] commencing from the last payment or activity date. After these periods, debts are considered “time-barred,” meaning creditors generally cannot sue to collect, though collectors may still attempt contact through other means.

State and Community Assistance Resources

• Colorado Legal Services: Offers free legal aid for residents facing collection actions or wage garnishment. [8]
• Colorado Housing Connects: Provides foreclosure and rental-assistance counseling. [9]
• Colorado Attorney General’s Consumer Protection Division: Handles reports of unfair debt-collection practices and financial scams. [10]

Why Choose ClearOne Advantage

• Over $3 billion in debt resolved nationwide
• A+ BBB Rating: Committed to trust and delivering excellent client service
• Certified Debt Specialists
• Accredited by the Association for Consumer Debt Relief (ACDR)
• No Upfront Fees: ClearOne Advantage’s fee is only earned after you approve each settlement and your first payment is made to the creditor.

Read more about why you should choose ClearOne Advantage.

Get a Free Colorado Debt Relief Consultation

Take control of your finances today. Speak with a Certified Debt Specialist to find the best debt-relief option for your situation. There’s no obligation, no upfront fees, and no impact to your credit when you inquire. 

 

Footnotes:

[1] https://usafacts.org/answers/how-much-debt-does-the-average-american-owe/state/colorado/
[2] https://www.cnbc.com/select/average-credit-card-balance-by-state/
[3] https://educationdata.org/student-loan-debt-by-state#colorado
[4] https://www.incomebyzipcode.com/colorado
[5] https://www.experian.com/blogs/ask-experian/what-is-the-average-credit-score-in-the-u-s/
[6] https://law.justia.com/codes/colorado/title-13/limitation-of-actions/article-80/section-13-80-101/
[7] https://law.justia.com/codes/colorado/title-13/limitation-of-actions/article-80/section-13-80-103-5/
[8] https://www.coloradolegalservices.org/
[9] https://coloradohousingconnects.org/
[10] https://coag.gov/office-sections/consumer-protection/