Men with thick Indian accents are calling people trying to intimidate or scare them into paying payday loan debts that are either old or not theirs. They claim to be with firms such as Allied Financial Services, Cash Net USA, Advanced Credit Recovery, Cash Land, and Cash America and many other legal sounding or credible names.
These are phony debt collectors. Some of the phone numbers being used are:
There are thousands of us who receive debt collector calls and many people do not know their consumer debt collection rights.
Debt collectors often belittle, abuse or downright harass consumers which takes a toll on the uninformed consumer. But a good thing to know, is there are federal and state laws that were enacted to protect consumers from unscrupulous debt collectors.
Below is a snippet from the main watchdog who regulates what collectors can do and cannot do, the Federal Trade Commission.
PRACTICES THAT ARE OFF LIMITS TO DEBT COLLECTORS
Harassment. Debt collectors may not harass, oppress, or abuse you or any third parties they contact. For example, they may not: