CashWise Blog
While nobody likes a call from a debt collector, receiving a call from a fake is even worse. In an emerging trend, scammers are posing as payday loan debt collectors and frightening individuals into paying “debts” they never owed.
Ohio Attorney General Richard Cordray has offered some great advice on how to ensure you don’t get caught in the same trap, while putting those scammers back on their heels:
Some red flags in identifying this scam include:
- Refusal to provide the consumer with supporting documentation of debt allegedly owed.
- Callers claim to be representatives from “U.S. Cash.”
- Repayment required through wiring or wire transfer of payments.
- Threats of retaliation if the debt is not immediately repaid.
Cordray advises [individuals] to know their rights under the federal Fair Debt Collection Practices Act (FDCPA), which requires debt collectors to send consumers a written “validation notice” listing the amount of debt a consumer owes within five days of first contact. In turn, consumers have the right to request validation of a debt by sending the collector a letter.
The FDCPA can be reviewed in full here.
5 Responses to “Old Scam- New Twist”
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HI, i have has those fake collection calls! I has such fun with those idiots. Really they are soooo stupid. I work in the court system and know all about due process. what a bunch of morons.
opps crappy spelling, not enough coffee this AM, LOL
I’ve had 3 different sets of calls threatening me. The most irritating is they call my work and tell my boss and co-workers they’re suing me then they started calling my family members with threats. No matter how many times I tell them to stop calling and serve me – they keep coming back.
One individual actually yelled at me and called me a stupid B****
Hey Great Post Very Helpful. Thanks!
I have received calls from the scammers. Now they even started calling my references. No one I know will send money for anything like that. I, think these people should be stopped! We, should definitely educate America against these people. So, we don’t get scammed. I believe most of the calls are coming from India.