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Capital Security Investments

More BS Debt Collectors Banned by FTC

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The operators of a Georgia-based debt collection business that allegedly used false claims and threats to get people to pay debts – including debts they did not owe or that the defendants had no authority to collect – are banned from the debt collection business and from buying or selling debt, under settlements with the …

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These Debt Collectors Screwed Consumers Into Paying Debts They Didn’t Owe

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The Federal Trade Commission charged a Georgia-based debt collection business with tricking people into paying money for debts they did not owe. A federal court temporarily halted the scheme and froze its assets at the FTC’s request. According to the FTC’s complaint, the business is “founded on false claims that consumers have committed a crime …

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