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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.
- How to Tell If Your Debt Collector Is A Fraud
- Types of Debt Collection Scams
- What to Do If You Know You’Re Being Scammed by A Debt Collector
- Bottom Line on Debt Collection Scam
If you’re overdue on your debt, your creditor may reach out to you and try to collect your missed payments. However, if they’re unsuccessful, they may enlist the services of a debt collector to collect the money you owe. Unfortunately, many Canadians have been victimized by scammers who convince consumers that they are legitimate collection agencie...
Fraudulent collection agencies are savvy and use several tactics to scam unsuspecting Canadians out of their money. They sound legitimate, which is why many Canadians fall victim to these scams. Here are a few debt collector scams to keep an eye out for:
If you receive a call from a debt collector and decide that you are being scammed, it’s important to stay calm and follow these steps.
Just remember the two most important things you can do are stay calm and do not under any circumstances hand over any money. Do some research and verify all the information you have. Making sure if it’s a scam or a legitimate debt collector before you make any payments is extremely important.
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.
By law, debt collectors have to tell you the following in writing or over the phone. Once you get the validation information, if you still don’t recognize a debt, or don’t think the debt is yours, send the debt collector a dispute letter. Say you don’t owe some or all of the money, and ask for verification of the debt.
- 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.
Oct 31, 2023 · How the Fake Debt Collection Scam Works. The scam is straightforward. Scammers call consumers to collect debts, posing as real collection agencies. Example. A scammer informs you that she is collecting an American Express debt. You might owe money to American Express, so you believe the caller works for them.
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Jan 27, 2023 · 1. Debt that never existed. If the debt collector is a scam and the debt is just made up, it should go without saying: you do not have to pay it. 2. Debt that has already been paid off. Some debt collectors may try to collect on a bill that has already been paid.
