By Christopher Maag
For decades now, we at Credit have actually written tale after tale caution people about fake pay day loan loan companies. This February the Federal Trade Commission won a court orderto close an operation that presumably took $5 million from US customers intimidation that is using threatening telephone calls to get on phantom payday loan debts, almost all of which never existed.
And simply a week ago ABC Information did an expose of this scam, detailing exactly exactly just how crooks, mostly working from call facilities in Asia, pose as representatives of business collection agencies firms. Most of the re payments had been prepared by way of a company that is california-based by Kirit-Patel, an Indian-American guy whom served because the front guy for starters regarding the schemes, the FTC alleges.
“I would personally state that most roadways of the scam, or a number of the roadways of the scam, lead back into Mr. Continue reading →