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5 debt collection scams to watch out for

Published: Wednesday, Feb. 27 2013 10:17 a.m. MST

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When you accept a company to pay down an old debt that is close to the statute of limitations, it renews the statute and the agency can keep billing you for the remaining balance.



Never give your Social Security Number, bank account information, credit card number or other private information to a junk debt buyer. Legitimate collection agencies will have your identifying information already and will perhaps need you to verify the last 4 digits of you Social Security Number.

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Commenter88
Salt Lake City, Utah

It would be nice to have a follow up story on this to inform readers of where this information can be found as a primary source. Firms in Utah are using these very scams and lying to courts to to collect money from people suffering from debilitating diseases and incapacitating health.

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