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A phantom debt collection scam duped consumers out of more than $1 million. Here are 5 ways you can avoid falling victim

Collection Industry News

If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said. The letter will require the debt collector to prove they’re legally collecting the balances owed, he said. “If Keep good records of past debts. Know your rights.