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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.
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 Collection Scam. Scammers may try to collect on legitimate debts you owe, which is confusing because legitimate debt collectors might contact you as well. To verify where your money is going ...
“Debt collectors are mandated by law to disclose the amount due, the name of the creditor and the right of the debtor to verify or dispute the debt,” said David Clark, lawyer and partner at ...
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 ...
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 ...
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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