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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.
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 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 ...
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 is an accepted version of this page This is the latest accepted revision, reviewed on 2 March 2025. For satirical news, see List of satirical news websites. This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources. Fake news websites are those which intentionally, but not necessarily solely ...
A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]
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 ...
U.S. state laws on fair debt collection generally fall into two categories: laws which require persons who are collecting debts from consumers to be licensed, registered or bonded in order to collect from consumers in their states, and laws that protect consumers from specific unfair practices by debt collectors, which may include collection agencies and sometimes original creditors. [2]