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Beware of fake debt collectors Callers from India pull payday loan scam - National Personal Finance | Examiner.comIt's bad enough when you run into problems with your personal finances and start getting calls from legitimate debt collectors. What's even worse is when you get bombarded with phone calls demanding immediate payment for a payday loan that you don't even owe. Worse yet, the scammers who make these calls often threaten you with arrest and call your workplace, telling lies to your co-workers.How do con artists get away with this scam? First, they use VOIP phone lines and spoofing technology to change their caller ID, which makes them virtually untraceable. Some even use "911" as the caller ID number to try to frighten victims into answering the phone and to making their scam and arrest threats seem legitimate.Second, the scammers usually operate overseas out of call centers in India and other countries. They're out of reach of American collection laws, like the Fair Debt Collection Practices Act. (read the entire Act as a PDF file). Thus, they claim you owe payday loans that you never took out and make illegal threats like arrest, jail time, taking away your children, garnishing your wages, and even making you lose your job and home.Often, the Indian scammers claim to be law enforcement officers working with official-sounding agencies. They say someone will come to arrest you within hours if you don't immediately wire a payment of several hundreds or thousands of dollars.The payday loan scammers often know intimate information like your name, address, employer, and Social Security number. They buy this data from unscrupulous companies or lure you in by putting up fake websites. You think you're applying online for a legitimate loan, but you never get a response. Then, a few weeks later, a demanding person with an Indian accent calls you, demanding that you pay back money you never received.If you get a call that you think is a payday loan scam, look up the telephone number on the 800notes website, which often has details for specific numbers used in scams. Tell the caller you know it's a scam and that you're recording the telephone call and will turn it over to the authorities. Offer to do a three-way call with the local police department, and see how fast the Indian "officer" hangs up.Sometimes this stops the calls because the scammers are looking for easy victims. Unfortunately, some of the con artists are very persistent. They keep calling your home and start calling your workplace, too. They may even demand to speak to your supervisor and falsely claim that you're a deadbeat. Alert your Human Resources Department to what's going on, and show them websites that detail this scam.Here are some good online resources about this scam:Never, ever give any money to these scammers. Keep hanging up on them until they give up and go after easier prey.

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Beware of fake debt collectors Callers from India pull payday loan scam - National Personal Finance | Examiner.comIt's bad enough when you run into problems with your personal finances and start getting calls from legitimate debt collectors. What's even worse is when you get bombarded with phone calls demanding immediate payment for a payday loan that you don't even owe. Worse yet, the scammers who make these calls often threaten you with arrest and call your workplace, telling lies to your co-workers.How do con artists get away with this scam? First, they use VOIP phone lines and spoofing technology to change their caller ID, which makes them virtually untraceable. Some even use "911" as the caller ID number to try to frighten victims into answering the phone and to making their scam and arrest threats seem legitimate.Second, the scammers usually operate overseas out of call centers in India and other countries. They're out of reach of American collection laws, like the Fair Debt Collection Practices Act. (read the entire Act as a PDF file). Thus, they claim you owe payday loans that you never took out and make illegal threats like arrest, jail time, taking away your children, garnishing your wages, and even making you lose your job and home.Often, the Indian scammers claim to be law enforcement officers working with official-sounding agencies. They say someone will come to arrest you within hours if you don't immediately wire a payment of several hundreds or thousands of dollars.The payday loan scammers often know intimate information like your name, address, employer, and Social Security number. They buy this data from unscrupulous companies or lure you in by putting up fake websites. You think you're applying online for a legitimate loan, but you never get a response. Then, a few weeks later, a demanding person with an Indian accent calls you, demanding that you pay back money you never received.If you get a call that you think is a payday loan scam, look up the telephone number on the 800notes website, which often has details for specific numbers used in scams. Tell the caller you know it's a scam and that you're recording the telephone call and will turn it over to the authorities. Offer to do a three-way call with the local police department, and see how fast the Indian "officer" hangs up.Sometimes this stops the calls because the scammers are looking for easy victims. Unfortunately, some of the con artists are very persistent. They keep calling your home and start calling your workplace, too. They may even demand to speak to your supervisor and falsely claim that you're a deadbeat. Alert your Human Resources Department to what's going on, and show them websites that detail this scam.Here are some good online resources about this scam:Never, ever give any money to these scammers. Keep hanging up on them until they give up and go after easier prey.

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Beware of fake debt collectors Callers from India pull payday loan scam - National Personal Finance | Examiner.comIt's bad enough when you run into problems with your personal finances and start getting calls from legitimate debt collectors. What's even worse is when you get bombarded with phone calls demanding immediate payment for a payday loan that you don't even owe. Worse yet, the scammers who make these calls often threaten you with arrest and call your workplace, telling lies to your co-workers.How do con artists get away with this scam? First, they use VOIP phone lines and spoofing technology to change their caller ID, which makes them virtually untraceable. Some even use "911" as the caller ID number to try to frighten victims into answering the phone and to making their scam and arrest threats seem legitimate.Second, the scammers usually operate overseas out of call centers in India and other countries. They're out of reach of American collection laws, like the Fair Debt Collection Practices Act. (read the entire Act as a PDF file). Thus, they claim you owe payday loans that you never took out and make illegal threats like arrest, jail time, taking away your children, garnishing your wages, and even making you lose your job and home.Often, the Indian scammers claim to be law enforcement officers working with official-sounding agencies. They say someone will come to arrest you within hours if you don't immediately wire a payment of several hundreds or thousands of dollars.The payday loan scammers often know intimate information like your name, address, employer, and Social Security number. They buy this data from unscrupulous companies or lure you in by putting up fake websites. You think you're applying online for a legitimate loan, but you never get a response. Then, a few weeks later, a demanding person with an Indian accent calls you, demanding that you pay back money you never received.If you get a call that you think is a payday loan scam, look up the telephone number on the 800notes website, which often has details for specific numbers used in scams. Tell the caller you know it's a scam and that you're recording the telephone call and will turn it over to the authorities. Offer to do a three-way call with the local police department, and see how fast the Indian "officer" hangs up.Sometimes this stops the calls because the scammers are looking for easy victims. Unfortunately, some of the con artists are very persistent. They keep calling your home and start calling your workplace, too. They may even demand to speak to your supervisor and falsely claim that you're a deadbeat. Alert your Human Resources Department to what's going on, and show them websites that detail this scam.Here are some good online resources about this scam:Never, ever give any money to these scammers. Keep hanging up on them until they give up and go after easier prey.