This week's topic: Phony Debt Collection
One of the more familiar cons in a scammers arsenal is phony debt collection. Scammers user their tricks in an attempt to convince you that you owe money and will dole out threats if you don’t comply with their request.
In this week's security tip, learn how these scams work and steps you can take to avoid falling for the scammer’s tricks.
Watch this week's Security Tip by Advisor Armor
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- Ask the debt collector to provide an official "validation notice" of the debt to confirm their legitimacy.
- If you receive a call but don't have any outstanding loans, hang up!