Scammers have Social Security and bank account numbers, home addresses and employer information

Arlington, VA – August 3, 2009 – Better Business Bureau is issuing a national alert today about phony debt collectors that are calling consumers nationwide and claiming that they have defaulted on a payday loan and will be arrested if they don’t pay immediately. Claiming to be lawyers, the scammers say they are with the “Financial Accountability Association” or the “Federal Legislation of Unsecured Loans” and are equipped with a disconcerting amount of personal information about their potential victims.

“Because the scammers have so much information about potential victims, BBB is concerned that this may be the result of a data breach,” said Steve Cox, BBB spokesperson. “Thousands of people may have had their personal information compromised, and given the scammers’ tactics, it appears that those who have previously used payday loan services could be particularly at risk.”

According to reports received by BBB and posted online, the scammers accuse the victim of defaulting on a payday loan and claim they are being sued. The phony debt collector threatens that, if the victim doesn’t pay as much as $1,000 immediately%

via Widespread Harassment from Phony Debt Collectors Raises Concerns of Mass Data Breach – BBB News Center.

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