How To Handle Fake Debt Collectors? Steps To Take

The Federal Trade Commission (FTC) is warning consumers about scammers collecting fake debts. It is critical to keep track of your debts so not become victimized.


Fake Debt Collectors

According to the FTC, as a rule, fake debt collectors claim debtors owe money to lenders. Be aware, if debt collectors call from different companies and claim they are collecting debt on behalf of lenders, this is a scam.


The FTC is receiving calls from lenders who ensure they have never provided any customer or account information to an outside debt collector. Lawyers of these lending companies have even filed a legal declaration to state they have not passed their right of debt collection to an outside collection agency.


Christopher Koegel, assistant director of the division of financial practices at the FTC, notes the legal declaration has not stopped these scammers. The FTC continues to receive calls about abusive attempts from debt collectors. Most people claim they have never had a loan with those lenders.


How to Avoid Getting Scammed?

It is critical to turn to a reputable payment processor like EMB for a debt collection merchant account. eMerchantBroker is voted the #1 high risk merchant account provider in the US and offers the best payment transaction services in the field. At, be sure to get the lowest possible pricing, exceptional chargeback protection and prevention programs, and fast and easy application.


Here are steps that will help you avoid being victimized by debt collection scammers:


  1. Know Your Rights

As a consumer, you must be well aware of your rights so to protect yourself. Familiarize yourself with your consumer rights before receiving a debt collection call. The Fair Debt Collection Practices Act is called to ensure all consumers are treated appropriately with regard to debt recovery issues. The Act does not allow collectors employ deceptive, abusive, or unfair practices when collecting debts. If you have experienced anything like this, it means your rights have been violated.


  1. Ask Questions

If you get a call from a debt collection agency, don’t hesitate to ask questions. The FTC recommends asking for a validation notice. The latter states the amount you owe and to whom you owe.


  1. Order Your Credit Report

It is also important to order your credit report. As soon as you get it, review the report and find out whether the debt is on your credit report. If the debt cannot be found, send a letter stating you don’t owe the debt mentioned in the validation notice. Finally, take measures to dispute the debt.

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Business Development Strategies That Work

As a manager, one of the foremost concerns to an organization is developing and exploiting business opportunities that are presented to you and your company. In order to grow, you need good knowledge and best management practices and strategies. It comes to down to whether as a business development manager, you are revolutionary or evolutionary. Any strategy that you undertake, no matter how small or insignificant it may seem will revolutionize your company or will evolve it.

Successful business development takes a multi-disciplinary approach in that it involves financial, advertising and legal skills. It is not enough to reduce activities to a simple template that can be applied to all situations faced by real-world enterprises. Being creative in this regard goes a long way in ensuring that any new and unforeseen challenges contribute to sustainable growth of a company rather than its demise.

There are several areas where business development strategies can help your organization to grow and succeed. Development strategies based on a strategic marketing plan for example will address a changing customer base and market dynamics, help one to understand horizontal and vertical target market opportunities and how to develop the right products, services and solutions to meet the target market needs. This plan should not just be an accident. Most successful business owners will tell you that a carefully planned business strategy was involved. A plan can take either a ‘bottom up’ approach or a ‘top down’ approach. A bottom up approach is where the employees make suggestions and the best are passed up the management while the top down approach is where top managers create the business development strategies and implement them down the chain of command. Another approach is the use of collaborative process where managers and employees work together.

In order for a business development strategy to work, you will need to evaluate its weaknesses, strengths, risks and growth potential. If possible, a strategy consultant may be included. Several factors will need to be taken into consideration, depending on the complexities that come with implementation. These include assigning responsibilities, sufficient resources and establishing a chain of command. A timeline will also need to be developed to evaluate if the desired goals are being achieved. Obviously, no one type of business development strategy is going to work for every business. Find out what works for you and your organization and the benefits of sticking to it.

Finding the Right Business Development Strategy

When planning a project, the rule of thumb is to assess the plan, gather the materials, design the steps, and create a timetable for getting thing done. This series of tasks can certainly be applied to growing your business. It’s a strategy, plain and simple, and it’s too crucial to ignore, deny, or pretend it doesn’t exist. An “I’ll think about that tomorrow” business mindset, in regard to your business development strategy, can signal doom and gloom for your future profits.

While the entrepreneur already has a full “to do list,” she can divide them up into “what to do today,” and “what to think about for tomorrow.” The things to do each day are relatively easy to figure out, it’s essentially working the business, calling the clients, paying the bills, making sure you have inventory ready, etc. The list of “what to think about for tomorrow” will allow you to keep one eye on where you want your business to be. It can also be called your “business plan.”

Why is this so important? Because one or two years from now your business is not going to look like the business you’re running today. For instance, if your business moves from year 1 to year 3, maybe you’ll need a bigger warehouse, or more employees, or the need to outsource your bookkeeping. Living in a state of “what if” is another way to think about it. “What if my customers find another similar product, what else can my business sell?” or “I know that I can branch out next year, but how many new employees might that mean, and what are the advertising avenues for my business to jump on?” Of course you could wait for these scenarios to actually come to be, but then your back is against the wall, you will reach for the quickest solution, and it may not be the wisest choice. Plus it may downright expensive.

If your business can possibly triple in three years and space is the question, then keep informed on the prices of commercial real estate, where the best prices are? If you’re going to need temporary employees, then contact the local temp agency, give them your information, what type jobs may be coming up, and when the need arises, you’ve already started the process. Do you think you’ll need a website with 5 more pages in a few more years, then purchase a website package that allows for growth, and only use what you need, but this way you’re already acquired the extra space for expansion.

It is isn’t as overwhelming as it sounds; it’s a muscle you haven’t used much, but once you’ve gotten into the habit of putting it into play, your business development strategy will become as much of a habit as checking your books each week. Perhaps you can set aside a time of the week that your day to day tasks are complete and you are ready to think towards to the future. Assess where your business is now, do you have a smooth operation? Is inventory being created at a comfortable level, if you have a slight increase in sales, can you accommodate? Is there a new market you can consider venturing into? You may even find that it’s an enjoyable part of your week as you visualize your business’ growth.