Debt Collection Scam

Debt collector claims you owe money for a product or service you’ve never received. They will sometimes pretent to be from the government. They are always aggressive and threatening. They want your credit card now. You can hang up and check your credit report. If a debt has gone to a debt collector, you should receive a formal, written notification in the mail. When you do receive such letters, hold on to them. You can refer to them should a scammer contact you.

The scammer wants you to believe that you owe them money and if you don’t pay them right now, you’re going to be arrested. Scammers almost always prefer nonreversible payment — think a prepaid card, money order or money transfer. That’s because these forms of payment can’t be traced, and scammers take off with your money with very slim chances of getting caught. Be on the alert if they ask for payment methods that seem out of the norm.