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Financial Obligation Collector Scams Targeting Cash Advance Borrowers

Financial Obligation Collector Scams Targeting Cash Advance Borrowers

There’s a new explanation to be stressed about telephone calls from loan companies: an increasing number of debtors are increasingly being scammed into settling debts they don’t owe by phantom business collection agencies agencies.

A large number of Us citizens have actually reported calls that are receiving fake debt collectors, in accordance with the Federal Trade Commission. An estimated total loss of $20 million in response, the FTC has recently filed four cases involving fraudulent debt collections that have cost victims.