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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
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 eight ...
The Internet Crime Complaint Center's latest scam alert includes a bogus advance-fee email purportedly sent by the director of the FBI as well as harassing payday loan calls from scammers claiming ...
In 2001, Tucker founded an online business, AMG Services, that made payday loans even in states where these high-interest, low-principal loans were restricted or illegal. The business, which generated over $3.5 billion in revenue from just 2008 to June 2013, [1] ultimately made loans to at least 4.5 million Americans. [1]
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.
Scott Tucker ran several payday loan service companies under several different names (including AMG Capital Management) over a fifteen-year period. The companies drew consumer complaints for charging excessively-high interest rates on the loans, with those using their services paying nearly triple what they had taken as a loan, charged through undisclosed fees.
We're hearing about an increasing number of complaints about high-pressure phone calls from debt collectors. Our Patrick Nelson shows us in many cases the people making these calls are launching ...
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