IC3 Issues Alert on Telephone Payday Loan Scam

phone 300x200 IC3 Issues Alert on Telephone Payday Loan Scam The Internet Crime Complaint Center, or IC3, recently issued an alert regarding a telephone scam related to overdue payday loans. Consumers are receiving phone calls from people falsely representing law firms, the FBI, and other agencies, claiming to be collecting debts from well known companies such as U.S. Cash Net, and U.S. Cash Advance.

The callers continuously call the victims home, employer, and cell phone, however they won’t provide any information about the payday loan. The callers threaten the consumer with jail time and legal actions.

The callers have information about the consumers including personal information such as social security numbers and employer information.

All of these calls are used to instill fear in the consumer in an attempt to receive payment for the loan.

The Fair Debt Collection Practices Act (FDCPA) prohibits legitimate debt collectors from using abusive, unfair, or deceptive practices to collect from consumers.

Read more: http://pittsburgh.bbb.org/post/ic3-issues-alert-on-telephone-payday-loan-scam-8635

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About America Monge

Marketing Intern at Council of Better Business Bureaus, Arlington, VA.