Money Scams: How to Spot a Fake Debt Collector

Date: Oct 26 2012

Filed under: Consumer Ally, Debt

debt collector calling phoneGetting a call from a debt collector is bad enough. Getting a call from a phony debt collector trying to scam you out of money you don’t owe can be even worse.

The Federal Trade Commission announced Tuesday that it had settled with a California man who was working with phony debt collectors in India to scam American consumers. The FTC says the operation, which called itself American Credit Crunchers, took in more than $5 million in two years.

While the operation has been shut down and…

Money Scams: How to Spot a Fake Debt Collector originally appeared on DailyFinance.com on 2012-10-26T09:33:00Z.

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