FTC Stops Debt Collection Scams - NBC4 Washington

Liz Crenshaw's Guide to Consumer Issues, Recalls and More

FTC Stops Debt Collection Scams



    How Telehealth Technology is Revolutionizing Healthcare
    Stock Image

    Tuesday the Federal Trade Commission (FTC) announced it put a stop to two fake debt scams that bilked millions of dollars from consumers.

    The FTC said two Florida-based companies worked with a call center in India and called consumers with threatening debt collecting tactics.

    The FTC said the companies took $5 million from consumers who either did not owe the debt or owed a debt to someone else.

    The government said the companies also used a phony interest rate reduction scheme.

    The calls were placed between January 2010 and August 2011.

    The FTC said it imposed a judgment of more than $25 million against the companies.