Comments on: Collection Fraud – Collection Scam

By: Mr. B.

Mr. B. — Thu, 20 Aug 2009 23:28:05 +0000

There is another collections fraud scam which has recently begun making the rounds. If you have ever taken out a payday loan, even if you paid it back in full and on time or have done any business more complex than just buying a money order from a payday loan company, you could find yourself on the receiving end of this con game: Scammers posing as agents and/or attorneys of a fictitious state or federal agency call the former customers of these lenders claiming they owe for delinquent loans and will be arrested and sent to prison unless they pay up at once. The sheer nastiness and aggressive tactics of the callers as well as other factors have lead authorities to suspect that many if not all of the perpetrators are regular nine-to-five debt collectors who are running this scam in their spare time. This would also explain how they obtained access to the needed information. Although state and federal agencies regulate and when necessary discipline errand payday lenders, NONE have any interest in or jurisdiction over any customer accounts, delinquent or otherwise. Unless a borrower obtains a loan through identity theft or other outright fraud there is no way he or she can be sent to jail for nonpayment- period! Don’t be taken in by these crooks, if you get a call from them get as much information as possible, then report them to the FTC. DO NOT give them ANY personal information, and don’t send them a dime.

By: darlene haukom

darlene haukom — Fri, 05 Jun 2009 16:03:57 +0000

promest to lower all interest rates I had. They lied on their promse telling me if they counld not help they would refund my $1,100.00. Now they are telling me a have to do all these other things to get my money back, which one thing leeds to another. I just want my ccard refunded after 5 months.

By: Tom Linafelt

Tom Linafelt — Fri, 13 Feb 2009 19:32:28 +0000

Scam artists who claim to be representing “Quick Cash” are making fraudulent, “belligerent” and “harassing” collection calls in which callers threaten imprisonment and demand payment for defaulted loans from a variety of loan providers.
“Quik Cash” is consumer brand of QC Holdings (QC), an Overland Park, Kan.-based provider of short-term, “payday” loans. NEITHER QUIK CASH, QC HOLDINGS NOR ANY LEGITIMATE COLLECTION AGENCIES HAS ANYTHING TO DO WITH THESE CALLS.
Callers identify themselves as representatives of a collection agency called “A.C.S.” They typically confirm the victim’s identity, address, Social Security numbers, and bank information. They reference fake, overdue debts to “Quick Cash, “Sonic Cash” and other fictitious loan providers, and demand immediate credit card payments. They often reference fake court dates and possible imprisonment.
QC abides by collections standards set forth by the Fair Debt Collections Practices Act and the Community Financial Services Association.