THIS IS AN EXTORTION SCAM. Scammers use bought/hacked/phished loan application data to extort payments for fictitious debts from victims and victims' families and friends.
The FBI warns about payday loan extortion scams here http://www.fbi.gov/news/pressrel/press-releases/paydayloanscam_120710 
The BBB has issued several alerts on this scam, just google "bbb.org alert phony debt collector"
Report to the Internet Crime Complaint Center http://www.ic3.gov/complaint/default.aspx , the Federal Communications Commission http://esupport.fcc.gov/complaints.htm , the Federal Trade Commission https://www.ftccomplaintassistant.gov/ and your state AG, as appropriate.

Scammmmmmmmers thats all he is, lives in San Jose cali not even a officer he is 26 calling from his house he needs a green card to stay here in usa

He has called me over a hundred times and always says he is from Federal Financial Crime and so on and then says I have 5 minutes to pay him 1000 dollars or they will arrest me at work... But He changed his name 22 times in the same call and then called my employers number and harassed her I drove to Police Department with him on line and he told a police officer he would be arrested and so on and the officer told him ok that is fine but he might be the arrested one for impersonating a officer and he then told him if he called back again he would have the agency in town he is in arrest him for telephone harassment and he called back 10 more times back to back and the officer answered it for me each time and he gave a different name then too. There are complaints filed by me and 20 or more people in our town does no good except it is on record Just do not fall for this crap. If anyone figures out a different way let me know. it is midnight here and he just called again