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8 warning signs of a debt collector scam. Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these ...
Fake debt collection is one of many all-too-familiar text scams. However, sometimes scammers will use an existing business's name and information to fake legitimacy.
Getting a call from a debt collector is bad enough. 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 ...
Hopefully, by 2025, everyone will know to not give their credit card information or Social Security number out through emails or text messages with unknown parties. The good news is that some ...
Having debt can mean you are open to debt collection scams, but you could encounter scams even when you do not owe anyone money. To make sure that a debt collector is legit and avoid debt ...
Debt relief and credit scams usually ask for a large payment before any work is done. A legitimate debt relief company will only invoice after completing a service. They commonly charge a ...
In 2021, more than 2.8 million consumers reported that they were victims of scams, with total losses for the year adding up to $5.8 billion, according to the Federal Trade Commission. The FTC also...
For example, one debt collector in New York was fined $60M in 2022 for running a debt collection scam via his debt collection agencies. It is illegal for debt collectors to threaten you or your ...