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Here’s how to find out if a debt collector is legit. Key takeaways. Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment.
Getting a call from a phony debt collector trying to scam you out of money you don't owe can be even worse. The Federal Trade Commission announced Tuesday that it had settled with a Money Scams ...
Which means you could pay the fake debt collector what you actually owe and still be left in debt to the actual company you owe money to. This fairly new problem seems to be growing.
A consumer inquires about a payday loan or short-term credit online and is asked for a long list of personal information. The lender is a shell firm; the loan might never be made, but the victim's personal information is now in the hands of scammers who sell it to a fraudulent collection agency.
This site makes the fake shopping websites list because it has high-priced items at heavy discounts and unbelievable deals. You might see an offer like “buy 2, get 3 free lounge chairs” which ...
It reminded consumers that they have rights under the federal Fair Debt Collection Practices Act, which, among other things, makes it illegal for a debt collector to threaten or harass people.
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Debt collection scams exist, so make sure you don’t end up paying a fake debt collector money that you don’t actually owe. Never make a payment, give out personal information over the phone ...