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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.
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.
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.
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 ...
Here’s how to deal with debt collectors. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities ...
5 ways to deal with debt collectors. If you’re dealing with a third-party debt collector, there are five steps you can take to handle the situation. 1. Be smart about how you communicate.
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Scammers are using fake toll-collection texts to steal bank information, authorities warned. Avoid clicking suspicious links and report scams to protect your personal data.