14 Oct 2011 | 132 replies
This is a continuation of the thread "Fake payday loan collection scams - Please list new numbers here" - http://800notes.com/forum/ta-1b47a30428c1e14/. ew-numbers-here
When speaking to a "debt collector"
14 Oct 2011 | 12 replies
Here's my expanded boilerplate on the fake payday loan collectors calling from outside the United States, submitted before another two thousand comments can bury it.
This scam has gone on for years and has grown in popularity with mostly Indian and Pakistani criminal boiler rooms. Just as in American debt collection agencies, reps are trained to regard everyone they call as a liar and deserving punishment. Their often absurd threats are empty and their rude tactics are illegal under federal law, the FDCPA. Do not believe their lies, do not argue with them, do not comply with their extortionist demands. Show them you know you have rights they are trampling.
Debt is a civil and not a criminal matter. No matter what you are told, no one is coming to arrest you, you will not be jailed, and you are not due at any courthouse in less than twelve hours. There is no valid debt claim and no court order to seize your assets. You need not pay a red cent in ''settlement'' to make their inflicted pain go away. (Really, if they were that sure of your liability, wouldn't they simply hire a lawyer near you to sue for the full amount plus interest?) You will note these often barely intelligible bullies have a laughably poor understanding of American legal procedure, not to mention its geography. Their hope is that you are just as ignorant and easily spooked.
It's been noted that females tend to be abused worse than male call recipients, often with sexually charged taunts. This may point to a divide of both cultures and oceans. It's easy to demonize and threaten people at a distance who are reduced to names and numbers. No doubt a criminal population is among the roster of employees, who see everyone's lives as cheap and expendable like their own have become.
Follow this link for a payday loan scam primer from nine months ago, within a detailed forum thread useful for historical context.
(Note that the second of
three forum quotes has a clumsily redacted line, the original being, ". stated that he wants to suck my lemons. ")
Since the time of that article, the story from interested observers and a few former fake PDL collectors confirms that "leads" are generated and sold from loan applications, regardless of whether a loan was granted, already paid off, or never executed in the first place. Usurious interest rates and unbreakable deals were not enough for these fiends; now the hot game is turning otherwise dud papers into cash flow. When you cry, "But they have all my sensitive data!", not that this proves any claim, it's likely because you handed it over like a sweet treat to an industry which has proven time and again it will never earn the trust of watchful consumers. There just might be a reason payday lending is so heavily restricted in many American states, no?
Try demanding a mailing address and a full business name when the bullies call. If the caller fudges his answer, you cannot verify it, and what you hear tracks well with forum comments on this issue, it's likely a PDL sham. Challenge their horse puckey threats; they often make obscene remarks and hang up. As the bullies like to hassle people at workplaces, advise your employers and coworkers these calls are garbage and not within your personal control.
The usual response to such a runaway debt collector stateside is to send a cease-comm letter and file suit. If you find a valid US address, please do so. Fierce consumer lawyers will leap at the chance to run such a case on contingency. However, being mostly outside U.S. borders and having no discernable addresses, these particular criminals rarely make it possible for individuals to punish them.
Whether or not you can file suit, make some noise.
- Submit complaints to the FTC and state attorneys general.
- Send word to the FBI via the Internet Crime Complaint Center:
- The Secret Service might also like to hear from you, per its mandate to investigate all sorts of financial and electronic fraud:
Learn how to exercise your rights as an alleged debtor from the FTC.
The more you know of illegal practices, the faster you will sniff out the fraudsters.
Category: Payday loans