In Illinois a payday loan debt collection scam became a real problem for the borrowers. Somehow a scam has obtained the personal information and telephone numbers of current a former payday borrowers and started calling them and threatening with jail and lawsuit. The activity of the payday loan debt collection scam was developing so promptly that Attorney General in Illinois Lisa Madigan had to issue the alert for consumers.
Methods payday loan debt collection scams use
During recent several weeks the Illinois attorney general’s office has received a great deal of complaints from fast cash payday loans borrowers stating that they have become victims of a loan debt collection scam via phone calls. According to Consumer affairs report these victims have obtained short term payday loans in most cases from online payday loan lenders but have paid off their debts timely. From their complaints it became clear that the scammers new the customers’ personal information they usually provide to lenders, i.e. their phone numbers, social security numbers, employment information and savings or checking account number.
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