Breaking News Bar
updated: 8/22/2013 6:53 AM

Wisconsin officials warn of unscrupulous debt collectors

hello
Success - Article sent! close
 
Associated Press

MADISON, Wis. -- Wisconsin officials are warning consumers about phone calls from unscrupulous debt collectors.

According to the state Department of Financial Institutions, the caller states he is attempting to serve a summons and if the consumer does not "act immediately," he or she will be arrested. Any threats of arrest or jail are bogus.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The state receives on average several phone complaints per day about these callers. Since Jan. 1, they've fielded more than 100 written complaints.

The department's director of the Bureau of Consumer Affairs, Paul Egide, says perpetrators may be illegally using information that consumers entered when applying for loans on the Internet.

He says in other cases companies that have a legitimate right to collect a debt may be engaging in illegal collection practices.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.