Buyer Beware of Unsolicited Calls from Phony Debt Collector

By Tim McBride

The Better Business Bureau has reported a massive increase in telephone calls from phony debt collectors, people or companies calling unsuspecting consumers claiming to be a collection agency and millions of people fall victim to identity theft every year.

According to the website EveryCall.us, there has been a surge in consumers reporting harassing calls from companies like NCO Financial Systems which call repeatedly throughout the day requesting personal information about friends and family members. It is unclear if these calls are legitimate or not, but experts warn to ensure the legitimacy of the caller before surrendering any personal information. Consumers have reported telephone calls from literally hundreds of other purported debt collection organizations, many of which have a poor rating with the BBB or simply do not exist and are front companies for scam artists to commit fraud.

If you receive a call from a company claiming to be a debt collector, be sure to do your research about the company to confirm that they are a legitimate debt collection company. You can visit any number of internet websites and search by the telephone number that called you to learn more about the caller before you give out any information.

Do not give out any financial information or other personal information. This may seem obvious to many, but you would be surprised how convincing some of these callers can be. For instance many callers claim to be your bank and can easily sound like they are legitimate when in fact they are not.

Never send money via wire transfers or make any other payment based solely upon a telephone solicitations, this is a common scam that millions of people fall victim to each year.

Don't fall victim to identity theft, do your homework the next time you get a suspicious telephone call make sure that you know whose calling you before you provide any personal details, financial information or other personal information that can be used to steal your identity. - 32534

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