As Halloween looms closer, the Better Business Bureau is reminding consumers to keep an eye out for "zombie debt," also known as debt collection scams.
How it works You receive a call and the person on the other end claims they're from a loan company, a law firm, or some government agency that’s connected to a purchase, subscription, or membership you signed up for months or years ago. They say you owe them money, even though you're pretty sure you don't owe a dime. Then, they start talking about lawsuits, seizing portions of your income, arrest warrants, or making you appear in court.
On average, B.C. victims lose $100 when involved in a debt collection scam. The age demographics that most commonly fall for debt collection scams are 25-54. Out of all potential scams, debt collection scam occurrences are quite low.
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