If you owe debt to a creditor bill collectors have the ability to file lawsuits against you, report your debt to credit bureaus, and should be taken very seriously. The best way to protect yourself and your financial situation is a methodical approach. First, know why you are being contacted. Know where the debt is from and exactly how much it costs.
So Called Debt Collector Scams Seventeen Victims Out Of Money
June 1, 2010 By
A bill collector in Williamsville recently pleaded guilty to fooling a local bank in a fraud that caused his nearly two dozen victims to lose $440,000. Noah Schapiro, the man who ran the fraud was informed by the State Supreme Court that he will most likely face a prison term of six to twelve years and will that he will be forced to sign confessions of judgment for his whole scam to seventeen debt investors and the Citizens Bank.
