I received the same call today he almost sounded like a real attorney he had all sorts of personal information... But when he asked if I could pay the restitution I went along with it and said yes .... Then he hit me with " It has to be done as a Money Gram " hmmmmm
Supposedly I took out a payday loan several years ago and authorized the company to be reimbursed through my checking account but the account had insufficient funds and then had been closed.
I received the same call today he almost sounded like a real attorney he had all sorts of personal information... But when he asked if I could pay the restitution I went along with it and said yes .... Then he hit me with " It has to be done as a Money Gram " hmmmmm
Bogus payday loan collectors often traffic in personal data obtained from loan applications, using them to invent debts. Suspect online lenders and sales lead generators provide a steady supply. This is why you shouldn't inquire about loans from some "easy terms" schmuck outfit you've never heard of.
Lawful debt collection is a process, not an ambush. You are due a chance at each stage to raise a dispute. You have a right to debt validation on real paper. You have a right to honest answers and polite treatment. You have a right to limit or bar all phone calls. You also have a right to sue debt collectors who deny those other rights.
FTC and CFPB material on US federal collection law:
http://www.ftc.gov/os/statutes/fdcpajump.shtm
http://www.consumerfinance.gov/askcfpb/search ... debt-collection