Fraudulent Debt Collectors from India stopped by FTC!
Written by: leonora | Published on: February 27th, 2012
For several years, fraudsters from India targeted people that used payday lender services and collected millions of dollars from victims. Payday lender services are usually used by people as a last resort way to borrow money when they have no other option. The reason it is and should be a last resort way to borrow money, is because interest rates on such “loans” are nothing less of outrageous. As such, people using payday loans are usually ones facing extreme financial hardships. These fraudsters, based out of India, somehow were able to access information about the borrowers and posed as debt [...]
