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A debt collection operation was recently stopped by a court order requested by the Federal Trade Commission.
Consumers who owe money or are behind on their bills may be legitimately contacted by debt collectors to pay off debts. The BBB warns consumers, however, that phony debt collectors are lurking.
It's become an all-too-familiar headline and lead story - job cuts, dot.com failures, corporate restructuring and lay-offs.
If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a "debtor." If you fall behind in repaying your creditors, or an error is made on your accounts, you may be contacted by a "debt collector."