Debt Collection Scams

Debt Collection Scams: Beware!

Collection scams are something we have all probably experienced or will experience at some point. Dealing with debt in collections can be challenging, but especially difficult when you’re not sure if the person contacting you is legitimate or just trying to scam you. There are several legitimate debt collectors in the financial marketplace, which allows these collection scams the opportunity to get you to pay on debts that you don’t owe. The video above will help you learn the warning signs of these debt collection scams, how to tell if a debt collector is legitimate, and how to protect yourself from being scammed.

Central Professional Services will always be upfront and honest with you. We treat all consumers with dignity and respect and if you ever have any concerns or questions about your account please feel free to contact us at any time. The Consumer Financial Protection Bureau is a great resource for you to know your rights and keep up with any changes in the financial industry. Their website is full of useful resources and don’t forget to check out the consumer resources section of our website.

Consumer Financial Protection Bureau

Here is a bit about the Bureau from their website:

The CFPB was created to provide a single point of accountability for enforcing federal consumer financial laws and protecting consumers in the financial marketplace. Before, that responsibility was divided among several agencies. Today, it’s our primary focus.

Our work includes:

  • Rooting out unfair, deceptive, or abusive acts or practices by writing rules, supervising companies, and enforcing the law
  • Enforcing laws that outlaw discrimination in consumer finance
  • Taking consumer complaints
  • Enhancing financial education
  • Researching the consumer experience of using financial products
  • Monitoring financial markets for new risks to consumers