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Archive for November, 2014

Phantom Debt Collectors Haunt Latinos, Are Busted by FTC

Harassing debt collectors seeking payment for “phantom debt” are becoming more common, says the FTC. Thousands of Spanish-speaking consumers were targeted by debt collectors Centro Natural Corp. and Sumore LLC, who tricked them into paying over $2 million in phantom debts. A “phantom debt” is any claim for payment which is too old to collect,…

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ABC News Reports Fake Debt Collectors Threaten Victims with Jail Time

Earlier today, ABC News reported that phony debt collectors are calling thousands of innocent people across the country, illegally threatening them with jail time and other legal action. If you follow the Credit Law Blog, you’re probably already aware that this is a direct violation of the FDCPA (Fair Debt Collection Practices Act). The FDCPA…

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