So how did these companies get a hold of your information if they are not your payday lender? How can you be sure that this is a scam?
There is no certain answer as to how these scam companies gather your personal and private information. The process is still under investigation and may take years to crack.
The majority of the people who receive these calls are those who do have payday loan debt with numerous companies over the internet. In most cases, these people are protected by the payday loan consolidation company they are working with. These companies can easily track which collections calls are legit or not.
So what if you are not working with a payday loan consolidation company? How will you know that this is a scam? First of all, think to yourself: “Will a ‘law firm’ actually ask me to make a payment directly to them? Is that really their job?” Obviously, the answer to these questions is NO.
Second, most of these scam companies work off-shore and you will be able to tell the difference just by hearing their thick accents. Third, ask the voice on the other line to provide you with your loan agreement and documents.
You need to ask them for proof that you did indeed borrow this money, and if they cannot give you the information you requested, let them know that you will not pay them a dime. You can also take their phone number and search for it online to see if it is a legit company or not.
While many have fallen victim to this scam, you do not have to be one of them. Stand your ground and do not be afraid to say no to these criminals. Be persistent and let them know that you will not succumb to their threats. Once these scammers realize that you are too smart to fool, the phone calls will stop and the nightmare will be over.
For more about payday loan or payday loan consolidation you can visit online experts.