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Aug 17, 2023 · How To Spot a Debt Collection Scam. It can be tough to tell the difference between a legitimate collection agency contacting you to collect on a valid debt and a scammer or fake debt collector trying to shake you down for money. Here are some of the red flags that should put you on alert for scammers.
May 14, 2024 · Here are a few red flags signaling a debt collection call could be a scam: The debt collector threatens you with criminal charges. There are only a few circumstances when a debt can lead to an arrest. Legitimate debt collectors should not claim that they'll have you arrested.
Oct 9, 2019 · Look up the debt collector or agency online and try to ascertain the authenticity of any information provided such as physical location. What to expect from a legitimate debt collector
Oct 31, 2023 · These scam artists often use abusive and harassing tactics to frighten you into providing bank and other personal information while you falsely believe that you're paying real debts. It can be difficult to distinguish between a legitimate collection agency and a debt collector scam.
Mar 7, 2022 · If you’ve received a call from someone attempting to collect money, you may have wondered how to know if a collections agency is legitimate. You aren’t alone. Phone scams have cost Americans $29.8 billion in the past year. We’ll give you the signs to be on the lookout for in this article.
- Andrew Reyes
Jan 4, 2023 · Here are some options to check the legitimacy of a debt collector: Verify the caller's debt collector license by searching the National Multistate Licensing System (NMLS) Consumer Access site. Check with your state's attorney general's office if your state mandates that debt collectors be licensed.
Debt collection in the UK has to be carried out by registered Debt Collection Agencies (DCAs). DCAs usually collect debts as a third party for the initial debt owner. Legally, they must follow the Fair Trading Act when recovering debt so the most important thing is that you know your rights.
