September 22, 2014

Receive an Unfamiliar Debt Notice? It Could Be a Scam

A letter arrives notifying you that you need to a pay a debt. There’s the seal of a government agency and it’s signed by a judge. It has your name and address. It looks official.

But hold on: you don’t remember taking out this loan and the name of the government agency doesn’t sound quite right. It could be a scam!

The Federal Trade Commission warns consumers that if they receive a debt notice that doesn’t seem right to look it up on the web.  In this instance, search online for the agency’s and judge’s name. They also advise caution if anyone insists on wiring money to pay a debt.