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5 months ago
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Frx-ultimateltd.com

Collection scam
https://frx-ultimateltd.com

Consumers have reported frx-ultimateltd.com for operating a collection scam. They entice you with promises of significant returns on your investments. However, once you invest, the fraudsters disappear with your money. The website lacks a customer service phone number, making it impossible to reach them. Numerous incomplete pages riddled with default content and placeholder text can be found on the site. The address listed for the company on the website is fraudulent. Furthermore, the business name under which the website purports to operate is not registered with the secretary of state.

A collection scam is a fraudulent activity where scammers pose as debt collectors and attempt to get consumers to pay them. They might use threats, intimidation, and high-pressure tactics to get you to pay. This type of scam is illegal and can cause significant financial harm to the victims.

Red Flags

Fake address
Fake business name
Unfinished website

Missing Information

No phone numbers
No reviews
No social media
A collection scam involves a scammer impersonating a debt collector. They may contact you threatening legal action, wage garnishment, or arrest if you don't pay a debt. Often, the scammer claims to represent a legitimate debt collection agency, a law firm, or a government agency. Scammers typically use aggressive tactics to instill fear and urgency. They might use personal information to make the scam seem more convincing. The scammer may also refuse to provide proof of the debt, a common sign of a scam. One common promise made by scammers is a quick resolution of the debt if you pay immediately. They might also offer a reduction of the claimed debt as an incentive for immediate payment. These scammers usually demand payment through unconventional methods. This may include wire transfers, prepaid debit cards, or even gift cards. Once a victim makes a payment, the scammer disappears with the money, and the supposed debt remains unpaid.

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