When you are in debt and feel like there is no way out, you are more likely than ever to fall victim to a debt collection scam. These scams prey upon people like you who want nothing more than to pay off these looming charges but simply don’t have the income to do so. In order to avoid these scams, you must learn how to recognize them, learn how to say no, and find an alternative method to get out of debt once and for all.
It may be difficult for some to recognize the difference between legitimate collection agencies and those that perpetrate scams. Debt collection scams often work by scaring their victims into making payment arrangements before they have the chance to think things through. The amounts can be small or large and are often of an uneven number so as to appear more realistic.
Debt collection scams often adopt similar behavior. They use either an existing debt or a fabricated one and tell you, their victim, that they can settle the matter immediately. You may feel hopeful about settling a debt that has been haunting you, but if you display any trepidation about paying over the telephone, the scam artists may start harassing you with threats of legal action or jail time.
Even legitimate collection companies can adopt behavior that can be viewed as harassing or that can lead to questions. If you receive collection calls, you should be able to verify the existence of the company as well as the debt that is owed. Ask for all information to be forwarded to you in writing. If necessary, remind the caller that the Fair Debt Collections Practices Act requires that all debt be verified with a validation notice. If they state that they have already sent one your way, ask for another. If they tell you they are not required to provide such notice, you can remind them that the Federal Trade Commission says otherwise.
Another tactic used by scam artists is to repeatedly contact you in order to get you to relent to their demands. They may do this by calling you at home, via cell phone, and at work. They may call employers as well as neighbors, family members, and friends. According to the FTC, creditors may call you and others around you but must cease if asked and may not out give any information, including that they are a debt collection agency.
Some of the most egregious perpetrators of scams already have access to your home address and social security number. Just because they have your personal information on file does not mean that you should automatically trust them.
In order to safeguard yourself against these types of scams, there are some rules that must be followed. Never give out personal information over the telephone unless you are absolutely certain that the company you are speaking with is legitimate. This personal information includes bank accounts, credit card numbers, and social security numbers.
The best way to avoid debt collection scams is to get out of debt altogether. We can help you to get out of debt through a debt settlement program. Whether the debt you have accrued is due to credit cards, medical bills, or some other factor, your debt can possibly be settled.
Call us today to learn how Debt Consolidation USA can help you. You will be provided with a free debt analysis and will learn how you can settle your debt in order to become financially free once more. There is no obligation and there are no upfront fees. Call us now.