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Phantom Debt Collector Scam Hits Payday Loan Borrowers
Angry business man screaming on cell mobile phone, portrait of young handsome businessman isolated over white background, concep
mast3r/Shutterstock
By Herb Weisbaum
Scammers are very good at impersonation. So when the phone rings and the person calling claims to be a debt collector, you need to be suspicious - even if they have a lot of personal information about you. It could be a con artist running the "phantom debt collector" scam.
These telephone swindlers often pretend to be with a law firm, government agency or police department. "They might threaten garnishment of your wages or seizure of your assets, all the way up to arrest and jail time if the consumer does not pay on this debt right away," said John Breyault, who runs the National Consumers League's Fraud.org website .
These phone bandits commonly target people who've taken out - or simply applied for - an online payday loan. They sound credible because they have all the personal information needed to apply for the loan. "The fact that they have this incredible amount of personal information is part of the reason why people pay them," said Elizabeth Scott, an attorney with the Federal Trade Commission. "Victims are convinced that only someone who they legitimately owe money to would have this information."
https://www.facebook.com/dubaidebtrecovery
Phantom Debt Collector Scam Hits Payday Loan Borrowers
Angry business man screaming on cell mobile phone, portrait of young handsome businessman isolated over white background, concep
mast3r/Shutterstock
By Herb Weisbaum
Scammers are very good at impersonation. So when the phone rings and the person calling claims to be a debt collector, you need to be suspicious - even if they have a lot of personal information about you. It could be a con artist running the "phantom debt collector" scam.
These telephone swindlers often pretend to be with a law firm, government agency or police department. "They might threaten garnishment of your wages or seizure of your assets, all the way up to arrest and jail time if the consumer does not pay on this debt right away," said John Breyault, who runs the National Consumers League's Fraud.org website .
These phone bandits commonly target people who've taken out - or simply applied for - an online payday loan. They sound credible because they have all the personal information needed to apply for the loan. "The fact that they have this incredible amount of personal information is part of the reason why people pay them," said Elizabeth Scott, an attorney with the Federal Trade Commission. "Victims are convinced that only someone who they legitimately owe money to would have this information."
