Beware of Debt Collector Scams acccording to danskeinkasso (Danish debt collection)
Debt collectors are in the business of finding people who owe money and trying to get them to pay up, the most common debt collectors are those who call you on the phone or visit your place of employment.
They may claim that they’re an attorney or law enforcement officer if they think they can scare you into paying what they say is owed. However, these are just scams designed to steal your money.
There are three types of debt collectors:
1st Agencies collect delinquent accounts on behalf of the original creditor and if you owe money to your credit card company, they might send that account over to an agency who will then contact you to discuss repayment options.
2nd Judgment: If a debtor has skipped out on court costs and interest or hasn’t made payments in some time, a judgment holder may purchase the debt for pennies on the dollar. This is less common since it’s expensive and difficult to do.
3rd Private: danskeinkasso (Danish debt collection) agencies are not affiliated with creditors or lenders; instead, they buy debts from other companies and then attempt to collect them for themselves.
Why are you getting called by debt collectors?
If you’ve fallen behind on your payments, a debt collector may be calling you, they may even tell you that you owe them money and if you don’t pay up, they’ll have to take legal action.
However, this is all a scam, they have no idea if it is actually your debt or not and they’re just trying to scare you into paying up.
The most common debt collectors are those who call you on the phone or visit your place of employment as well as may claim that they’re an attorney or law enforcement officer if they think they can scare you into paying what they say is owed, however, these are just scams designed to steal your money.
How to spot scam debt collectors
The first thing you need to do is be aware that there are scam debt collectors out there, you’re not likely to see any suspicious activity if you’re not on the lookout for it, the easiest way to spot a scam collector is that they will have a request for immediate payment over the phone or in person.
This differs from legitimate debt collectors who will give you time to prepare before making an offer.
They won’t provide any information about which company they work for or why your debt is due and say that they need your account number and make it sound like you owe money.
What should you do if you’re getting called by scam debt collectors?
If you’re receiving calls from debt collectors and they’re claiming you owe money, there are a few things you need to do.
Make sure the debt is legitimate by contacting the company that’s supposed to be collecting on it and f it turns out you actually do owe money, decide if the amount they say is owed is fair.
Work out an agreement with them so that the debt can be paid off in installments, if you don’t think the amount of money being claimed is fair or if you believe this might be a scam ask for their name and contact information and file a complaint with your state’s attorney general’s office.