Click on the paragraph excerpt below to read about CBS News report on a troubling new tactic being used by debt collectors. If you are suffering from debt collectors contacting you, Bankruptcy can help. Give us a call today to schedule a free, no obligation appointment to review your options.
“Overstating a debtor’s balance — also called “overbiffing” — is the latest outrage in unfair debt collection.
In a recent case, regulators allege a New York debt collector may have tricked thousands of consumers into paying far more than they actually owed by fraudulently inflating consumer balances and using profane, abusive and illegal tactics to collect the fabricated bills. The term is called “overbiffing” because the scammers overstate a person’s “balance in full,” which is sometimes shortened to BIF.”