Better Business Bureau Warns of Phony Debt Collectors

The BBB has released a warning to be aware of scammers calling to threaten people with arrest for defaulting on payday loans. These debt collecting scammers have huge amounts of personal info on their victims, including Social Security and drivers license numbers; old bank account numbers; names of employers, relatives, and friends; and home addresses.

“Because the scammers have so much information about potential victims, BBB is concerned that this may be the result of a data breach,” said Steve Cox, BBB spokesperson.

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Better Business Bureau Warns of Phony Debt Collectors