Debt collection scams are one of the most frightening and persistent types of cons. Watch out for a new twist that claims to be collecting on cash advances!
How the Scam Works:
You receive an automated call. It’s from a company claiming to be collecting payment for a cash advance. The recording prompts you to stay on the line and speak to an agent.
Don’t do it! These calls often turn threatening. The “agent” will request you pay your debt immediately using a wire transfer or prepaid debit card. If you refuse, the “debt collector” will try to intimidate you. Targets report being threatened with arrest, lawsuits or garnished wages.
Despite the threats, these phony collection agents don't have any legal power. In most cases, the alleged cash advance doesn't exist.
Protect Yourself from Debt Collector Cons:
To keep yourself protected against debt collector scams know your rights. BBB Serving Central Indiana offers the following tips for dealing with debt collectors:
To report a scam, go to BBB Scam Tracker.
For more information, please contact BBB at email@example.com or 1-866-463-9222.
About BBB® Serving Central Indiana
ABOUT BBB: For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2015, people turned to BBB more than 172 million times for BBB Business Reviews on more than 5.3 million businesses and Charity Reports on 11,000 charities, all available for free at bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation. BBB Serving Central Indiana was founded in 1916 and serves 46 counties in Central Indiana.