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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

Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. 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. Know your rights.