Phantom collections also uses the debt of other consumers to collect from unsuspecting people.
Philadelphia, PA (PRWEB) July 18, 2014
Debt Consolidation USA explains in a recent article published last July 16, 2014 how consumers can stay away from phantom debt collectors. The article titled “5 Ways You Can Protect Yourself From Phantom Debt Collections” shares how phantom debt collectors are able to secure and use private consumer details to harass and threaten debt payment.
The article explains that a consumer can fall victim to phantom collection when they are being made to pay debts that are already past its statute of limitations. Phantom collections also uses the debt of other consumers to collect from unsuspecting people. They will be collecting a debt that the consumer being made to pay did not take out that debt to begin with. Victims of identity theft also fall prey to phantom collection calls.
One of the ways to stay away from phantom debt collection calls is taking good care of personal information. The article shares that the Consumer Finance Protection Bureau or CFPB has received more than 30,000 complaints of consumers on debt collectors where some of it are phantom debt calls. There shady groups can use personal information such as social security numbers to dig up more information about debts of the consumer.
The article also suggests applying for payday loans face to face with the lender. This is because some scrupulous entities work behind the disguise of an online payday lender and once the consumer inputs personal details, they use it to start making phantom debt collection calls.
When getting a collection call, the first thing a consumer can do do is to ask for proof that the debt is theirs. This automatically weeds out legitimate collection companies from phantom callers. The article also encourages consumers to confirm the identity of the debt collector. This is something that will be handy if a report or complaint is necessary.
Checking if the consumer’s identity has been compromised is another thing the article warns consumers about. Once this is confirmed, consumers should immediately put their credit accounts on fraud alert. To read the rest of the article, click on this link: http://www.debtconsolidationusa.com/debt-collection/5-ways-can-protect-phantom-debt-collections.html.