Payday loan scammers

payday loan scammers

The Federal Trade Commission announced this week it is suing a consumer data broker that sold payday loan application data to scammers who used the information to pull money out consumer bank. When payday loan scammers call people, they want to scare them and intimidate them into paying a debt they don’t really owe. Often, one of the biggest red flags of a debt collection scam is the collector threatening to have the victim arrested – which is illegal even for legitimate debt collectors. Payday loan scammers need to be reined in, says Liberal Leader David Swann. Payday loan companies are gouging the province’s most vulnerable people, and needs to be reined in. If you’ve had an unexpected bill pop up and you’re considering a payday loan to cover the cost, you may want to think again. Cuz no matter how imposing that bill seems to be, these short-term, high-interest loans could pose an even greater threat to your finances in the long-term. Payday Loan Scammers Posted in Uncategorized on July 10, 2011 by catchthescammers. Even the real Pay Day Loan companies you have to watch, with the high interest rates, and with your approval they can go in to your account until they get the money. Payday loan scammers are learning a different meaning of the word “payback.” The Federal Trade Commission has helped to bring down a ring of crooks that targeted cash-strapped consumers with payday loan scams. The Internet Crime Complaint Center has received many complaints from victims of payday loan telephone collection scams. Callers claim the victim is delinquent in a payday loan and must repay the loan to avoid legal consequences. FTC files suit against payday loan scammers Think Compliance 2017-10-21T10:06:27-07:00. On January 9, the Federal Trade Commission (FTC) issued a press release announcing that it filed a lawsuit against a Kansas man and affiliated companies for allegedly selling portfolios of fake payday loan debts to debt collectors. Scammers have tried all sorts of ways to get Bonnie Messler to pay for some fake payday loan. They called her brother, her ex-husband and his family.