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  1. finance.yahoo.com › news › spot-debt-collectionHow to spot debt collection scams: 8 signs to watch out for

    • They pressure you. A credit collection scam might use scare tactics and threats to create a sense of urgency in hopes that you’ll act quickly. The scammer might also pull the emotional card, making you feel like a bad or irresponsible person.
    • They won’t give you their contact information. Real debt collectors are from reputable companies with websites and reviews, and you can contact them if necessary.
    • The debt isn’t yours. If the supposed debt collector is trying to strong-arm you into paying a debt you don’t recognize, you might have a scammer on your hands.
    • You didn’t receive a letter in the mail. If a debt has gone to a debt collector, you should receive formal, written notification in the mail. If you’re contacted by someone who you suspect is a scammer, ask them for verification of the debt.

  2. upsolve.org › learn › debt-collector-scamsHow To Avoid Debt Collector Scams: 8 Red Flags - Upsolve

    • Debt Collector Red Flag #1: They Don’T Identify Themselves
    • Debt Collector Red Flag #4: The Caller Threatens to Reveal Your Debt to Others
    • Debt Collector Red Flag #6: The Caller Asks For Personal Information
    • Debt Collector Red Flag #7: The Caller Demands Sensitive Information
    • Debt Collector Red Flag #8: The Caller Threatens Arrest

    The first thing you can do to determine if the debt collection company contacting you is legitimate is request information about the caller. If the person calling you isn’t forthcoming about who they are and who they work for, press on and ask for 1. Their name and employee number (if applicable) 2. Their employer’s or supervisor’s name 3. The comp...

    See full list on upsolve.org

    The Fair Debt Collection Practices Act (FDCPA) is a federal law that prohibits creditors and debt collectors from threatening to tell others — including family members, co-workers, employers, or friends — about the debt they claim you owe. They also can’t threaten to report you to the IRS or law enforcement. It’s against the lawfor debt collectors ...

    See full list on upsolve.org

    Real debt collectors will already have your primary personal and financial information. You shouldn’t have to provide it. At a minimum, they should know, and be able to show you in writing: 1. When and where your debt originated 2. How they got your account from the original creditor 3. How they calculated your current balance Although professional...

    See full list on upsolve.org

    Always protect sensitive personal information. You should never need to disclose your Social Security number, bank account number(s), or credit or debit card number(s) to a debt collector over the phone. Revealing this information puts you at greater risk of identity fraud and could allow scammers to access your bank account.

    See full list on upsolve.org

    It’s common for fake debt collectors to threaten arrestin some way. This is illegal. They can’t threaten to report you to the police, the IRS, the Department of Motor Vehicles, or your employer. If anyone threatens to put you in jail, take away your driver’s license, or get you fired, hang up and report the caller using the methods below.

    See full list on upsolve.org

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  4. www.trustaltus.com › knowledge › collection-agency-scams9 Surefire Ways to Spot Debt Collection Scams | Altus

    Know Your Rights. The FDCPA protects your rights as a debtor and prohibits debt collectors from using various tactics, including profanity, threats, and claiming to be a government official or lawyer to collect a debt. 5. Keep Good Records. Having up-to-date records is an excellent way of identifying scammers.

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  5. www.finder.com › debt-collector-scams5 common debt collector scams - finder.com

    Mar 15, 2024 · Or call 1-888-863-8657 and verify the CRA did actually contact you. A debt collector calls you, says you owe money and demands repayment by wire transfer, rather than by cheque or online. The debt collector only allows you to make repayment through a wire transfer and doesn’t give other options.

  6. www.consumerfinance.gov › ask-cfpb › how-do-i-tellHow do I tell if a debt collector is legitimate or a scam?

    May 14, 2024 · A legitimate debt collector can tell you their company name and mailing address, as well as information about the debt they say you owe. The debt collector should provide information about themselves and their collection agency. This can be a helpful way to know more about the debt, as well as tell whether or not it’s a scam.

  7. www.bbb.org › 13249-bbb-tip-phony-debt-collectionBBB Tip: How to recognize phony debt collection calls and texts

    Oct 3, 2024 · Tips to spot this scam: Ask the debt collector to provide an official "validation notice" of the debt. In the U.S. and most of Canada, debt collectors are required by law to provide this ...

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  9. wallethub.com › edu › dMost Common Debt Collection Scams & How To Avoid Them - WalletHub

    Oct 13, 2023 · What To Do If You’re A Victim. If you suspect that you‘re a victim of a debt collection scam, stop responding to the potential fraudster immediately and report the scam to the following organizations: Federal Trade Commission. 1-877-382-4357. Consumer Finance Protection Bureau. 1-855-411-2372. Your State Consumer Protection Office.