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Debt Collector Scams

Debt Collector Scams

Wisconsin's Midday News · 620 WTMJ

February 24, 20269m 17s

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Show Notes

BBB Serving Wisconsin Senior Director of Investigations Lisa Schiller talks about how the BBB has launched an investigation into a widespread fake debt collector scam that generated nearly 700 complaints in recent weeks. Real collectors must provide written verification within 5 days and can never threaten arrest. How does the scam work? What should you do if you have an outstanding loan? How can you protect yourself?