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Beware of Zombie Debt: BBB Warns Consumers of Debt Collection Scams

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The Better Business Bureau (BBB) is warning consumers about the rise of debt collection scams, also known as 'zombie debt,' as Halloween approaches. Scammers use various tactics to trick individuals into believing they owe money, including threats of lawsuits and court appearances. Victims of these scams often lose an average of $100, with the most common age group being 25-54. Stay vigilant and be cautious of unexpected calls from debt collectors.

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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