Beware of Phony Debt Collectors
August 6, 2009
Phony debt collectors are calling consumers nationwide and claiming that they have defaulted on a loan and will be arrested if they don’t pay immediately.
The scammers claim to be lawyers and allege that they are equipped with a wealth of personal information. The “Financial Accountability Association” and the “Federal Legislation of Unsecured Loans” are two false names being used, but there may be others.
They accuse the victim of defaulting on a loan and claim he or she is being sued. The phony debt collector threatens that if the victim doesn’t pay as much as $1,000 immediately via wire or by providing bank account or credit card numbers, he or she will be arrested and extradited to California to stand trial.
If you receive a suspicious telephone call regarding an outstanding debt, you should:
- Ask the debt collector to provide official documentation that substantiates the debt.
- Refrain from providing or confirming any bank account, credit card, or other personal information over the phone until you confirm the legitimacy of the call.
- Report suspicious calls to the Federal Trade Commission at www.ftc.gov or call 1-877-382-4357.
About Check Into Cash:
Founded in Cleveland, Tennessee in 1993, Check Into Cash is a specialty consumer financial services company whose primary product is payday advances. Check Into Cash operates more than 1,100 branch locations in 30 and is a founding member of the Community Financial Services Association of America (CFSA). Check Into Cash offers a full suite of financial service products which include check cashing services, bill payment services, wire transfer services, money orders, reloadable prepaid debit cards, gift cards, tax preparation services and ATM access in select locations.
