Beware of Potential Debt Collection Scams

Have you ever received a call or text message demanding payment for a debt you don’t recognize? If so, you may be the target of a debt collection scam.

What is a Debt Collection Scam?

Debt collection scams are fraudulent attempts to trick you into paying off debts that are not yours. Scammers often use aggressive tactics to intimidate and pressure you into sending money. They may call or text you multiple times a day, threaten legal action, or even claim to be law enforcement officers.

How to Spot a Debt Collection Scam

There are several red flags that can help you spot a debt collection scam:

You don’t recognize the debt. If you don’t remember incurring the debt, it’s likely a scam.
The caller is aggressive or threatening. Legitimate debt collectors are not allowed to harass or threaten you.
The caller asks for personal information, such as your Social Security number or bank account number. Legitimate debt collectors will only ask for this information if you agree to pay the debt.
The caller directs you to pay a third-party company. Legitimate debt collectors will only ask you to pay the debt directly to them.

What to Do If You’re Targeted by a Debt Collection Scam

If you believe you are the target of a debt collection scam, there are several things you can do:

Do not send money. Never send money to a debt collector you don’t recognize.
Contact your state attorney general’s office. Your state attorney general’s office can investigate the scam and take legal action against the scammers.
File a complaint with the Federal Trade Commission (FTC). The FTC can also investigate the scam and take legal action.

Stay Vigilant and Protect Yourself

If you receive a call or text from a debt collector, always proceed with caution. Remember, you have the right to ask the collector for proof of the debt, and you should never send money to a debt collector you don’t recognize. By being vigilant and protecting yourself, you can avoid falling victim to a debt collection scam.

In case you need to verify any potential debts, do not click on the links they provide you. You can always search for the official company website and proceed with the business from there. Any official company will have various ways for you to contact and make sure you are reaching out to their legitimate customer service department.

For ACA related business, please remember to always contact licensed insurance agents when you want to make changes or inquire about ACA. Do not attempt to make changes or contact ACA yourself.