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Fake collectors a ‘major issue,’ regulator says

Fake collectors a ‘major issue,’ <a href="https://autotitleloanstore.com/title-loans-il/">online title IL</a> regulator says

It is bad sufficient being hounded by debt collectors for financial obligation that is yours. Imagine getting phone calls from fake loan companies in Asia whom threaten to own you arrested for perhaps not repaying pay day loans that you do not owe.

That is what the Federal Trade Commission states has occurred to huge number of American customers — including Marylanders. The FTC claims it is wanting to turn off one operation that is such has gathered significantly more than $5 million from customers into the previous couple of years. Nevertheless the agency warns there are certainly others operating comparable phony collection schemes. (more…)