Category Archives: Arkansas Payday Loan Near Me

FTC Pursues Fake Loan Companies. Fake Collectors and Coping With Financial Obligation

FTC Pursues Fake Loan Companies. Fake Collectors and Coping With Financial Obligation

Fake Loan Companies – Do Not Be Intimidated

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

The scenario against A ca based resident, whom caused fake financial obligation collector callers from Asia, is merely another instance regarding the FTC crackdown against frauds that targeted financially distressed customers.

FTC Settles with Fake Loan Companies

The FTC released a news release on October 2012 in regards to a crackdown on fake loan companies. The scam that is latest involved a team of individuals who utilized details about customers that has either taken an online payday loan or shown a pursuit in taking out a quick 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 more than a period that is two-year. Continue reading FTC Pursues Fake Loan Companies. Fake Collectors and Coping With Financial Obligation