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Debt Collection Scams

Debt Collection Scams

Debt Collection Scammers Pretending to be Debt Collectors. If you receive calls claiming you owe some old loans you don’t recall. You are threatened to pay immediately or else they will get you arrested or file a legal complaint against you. You should know who they are and how to deal with them. These are debt collection scammers who try to steal your identity and illegally gain money from you. Thousands of people in the United States fall into this trap and lose their money. Most of the time, you can’t even get after them and drag them to court because they have hidden their identity, operate virtually, and are nowhere to find.

How to Spot Them?

Firstly, you should be aware of your debts and creditors in your credit report. You can easily spot scammers when you know who your creditors are and what debts you owe. Secondly, you should know your debt collection rights under the law and what debt collectors are prohibited from doing. Therefore, you would know that a legitimate debt collector won’t use abusive and threatening tactics. They will give their full information as required, including their name, address, email, etc..., and they will have your personal information because you owe them money.

However, on the other hand, scammers won’t give out their identifying information and tell you who they are. They will only use vague language and try to intimidate you. In addition, these scammers only plan to threaten you and scare you trying to make you panic so that you pay them money in fear of getting an arrest warrant or legal notice.

What do you need to do?

When you receive such calls, ask them about their identity. The creditor’s name, company’s name, address, etc. The real debt collectors will always give details. Though they are nowhere to find, they sometimes fake to be a real company. In that case, call or email the company and verify if there is any debt that you owe. Never give them your information; name, address, bank account number, date of birth, or social security number.

They ask for the information they should already have if they were legitimate debt collectors. Never tell them how much you owe and to whom you owe but always ask them. Ask them to send a certified mail verifying your debt. Never make payments to them in fear without confirming whether they even owe you. Know that you cannot be arrested if you don’t pay a loan. Debt collection is a civil matter and not criminal.

Protect Yourself

Don’t respond and file a complaint if they threaten and lie to you; don’t fall for their trap. If they were a legitimate company, they wouldn’t harass you; even if they are a real debt collector, you know your debt collection rights, and you can sue them under the law, which prohibits any such actions by the debt collectors.

For further guidance, contact us at info@tariqlaw.com.