Consumer News

Check Out these Debt Collection Claims Before Payment

There are laws on what collectors can say or do, as the country's top two debt buyers recently found out.

Consumer News

Check Out these Debt Collection Claims Before Payment

Debt collection complaints were the top consumer reported fraud in 2016, according to a new report by the FTC. They comprised 28 percent, or about 850,000 of all 3.1 million complaints reported to the Consumer Sentinel Network.

If you get a call from a debt collector, be wary of these deceptive claims:

Deceptive Debt Collection Claims List 2

Consumers who feel they are being abused or subject to deceptive debt-collection practices can file a complaint with the CFPB online or by calling (855) 411-CFPB (2372). Consumers also can alert TINA.org here.

This post was originally published on 9/14/15 and updated. 


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