If you are getting calls, letters, or messages about a debt, make sure they are real. Some scammers pretend to be debt collectors to trick you into paying money you do not owe. Here is how to spot these scams and protect yourself.

Signs of a debt collection scam

• They will not give you details: Real debt collectors must tell you their name, their company, and information about the debt.
• They pressure you to pay right away: Scammers often demand quick payment and may use threats.
• They ask for unusual payment methods: Be careful if they ask you to pay with gift cards, wire transfers, or cryptocurrency.
• They threaten to have you arrested: Real debt collectors know that they cannot have you arrested for not paying.
• You do not recognize the debt: If the debt is not familiar, it might be fake.

How to protect yourself

• Ask for a validation notice. Real collectors must send you a letter with details about the debt within 5 days of first contacting you.
• Do not share personal information. Do not give your social security number, bank details, or other sensitive information.
• Check your records. Look at your credit report and old statements to see if the debt is real.
• Contact the original creditor. If you are not sure about the debt, reach out to the company you first owed money to.

Report scams

If you think a scammer has contacted you, report it to:

• Federal Trade Commission (FTC),
• Consumer Financial Protection Bureau (CFPB), and
• Better Business Bureau (BBB) Scam Tracker.

Reporting a scam helps protect others.

💡 Remember: You have rights when it comes to debt collection. Scammers use fear and confusion. Take your time, ask questions, and check the facts before you pay any money.