‘Phantom debt’ scam separates you from your money
Yahoo! Finance - 05/03/2016
Sometimes, they bully you by saying they’ll notify your family or your employer. Legitimate debt collection agencies usually follow the law, but scammers feel no such compunction. These criminals may threaten to talk with your neighbors, says Coleen Pantalone, a professor of finance at D’Amore-McKim School of Business, Northeastern University in Boston.
“They want you to make a payment over the phone so they talk fast,” she says.