A federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan вЂњdebtsвЂќ they did not owe, or did not owe to the defendants at the request of the Federal Trade Commission and the Illinois Attorney General. The defendants additionally presumably illegally supplied portfolios of fake financial obligation with other collectors вЂ“ this is basically the FTCвЂ™s case that is first that training.
вЂњItвЂ™s unlawful to harass individuals to spend debts they demonstrably donвЂ™t owe, and also to offer phony debts to other collectors,вЂќ said Jessica deep, Director of this FTCвЂ™s Bureau of Consumer Protection. вЂњWeвЂ™re proud to partner using the Illinois Attorney General to prevent these egregious commercial collection agency methods.вЂќ
вЂњPhantom financial obligation collection the most brazen frauds today,вЂќ Illinois Attorney General Lisa Madigan stated. вЂњWith the FTC, our company is attempting to protect customers by shutting straight straight down these scam operations.вЂќ