Archive for the ‘Connecticut Payday Loans’ Category

FTC Pursues Fake Collectors. Fake Loan Companies – You Shouldn’t Be Intimidated

We now have all find out about financial obligation collection frauds and harassment by fake collectors. The Federal Trade Commission (FTC), a federal government regulator and enforcer of customer legal rights, recently settled a claim against a debt collection scam that is bogus.

The way it is against A ca based resident, whom caused fake financial obligation collector callers from Asia, is simply another situation associated with FTC crackdown against frauds that targeted financially distressed customers.

FTC Settles with Fake Loan Companies

A press was released by the FTC launch in regards to a crackdown on fake loan companies. The latest scam involved a team of individuals who utilized information regarding customers that has either taken an online payday loan or shown a pastime in using down an online payday loan.

The FTC noted that, in this latest instance, customers received an incredible number of collection calls that originated from India. The fake loan companies raked much more than $5 million over a period that is two-year. The FTC and state lawyers received a lot more than 4,000 complaints.

Based on a FTC pr release, the debt that is fake utilized various tactics, including:

  1. Misrepresenting on their own as police force officers or other federal government officials.
  2. Threatening to “immediately arrest and jail customers when they would not consent to produce a re re re payment.”
  3. Claiming to be making big legal actions and need amounts including $300-$2,000.