The Better Business Bureau is alerting consumers about a new scam involving payday loans and phone calls from phony bill collectors.
Scammers presenting themselves as attorneys for the “Financial Accountability Association” or the “Federal Legislation of Unsecured Loans” accuse the call recipients of defaulting on payday loans and threaten them with lawsuits, arrest and extradition to California unless they make an immediate payment via wire or by providing credit card or bank account numbers. (more…)
