Although the Federal Trade Commission has seen a 73% increase in the amount of debt collector complaints since 2008, these complaints continue to rise. These phony “businesses” use threats, intimidation and false accusations as a means to collect money from people that do not know their rights or the law. As this article from the Better Business Bureau points out, National Fraud and Investigation Agency is not a legitimate debt collection business.
When a debt collection company threatens you or uses intimidation, red flags should automatically go up. Never provide these “companies” with any personal information and certainly never give them any money. There are steps that legitimate debt collector’s needs to follow in order to verify your debt. If you find yourself in a situation where you are faced with legitimate debt, look for a debt settlement attorney in your area. A debt settlement law firm like ours may be able to drastically reduce your debt without the need for bankruptcy.