Called my brother then called me claiming to be from Allen,Price and associates investigating a fraud case. Told me if I didn't pay them first 3600 dollars that I was going to have a warrant out for my arrest in the next 24 to 48 hours. don't know if its a scam or not but I have gotten a few of this types of calls since I applied for a loan back in 09 so I guess I'll take my chances on this one as well wish me luck

This is a criminal extortion ring operating out of India. ABC News released an investigative report on it in June. The FTC has indicted one of its ringleaders for criminal fraud:

http://abcnews.go.com/Blotter/phantom-debt-co ... 16512428&page=1

http://www.ftc.gov/opa/2012/08/bgm.shtm

i recieved the same phone call today from the same company allan price and associates, and they asked for the same amount 3650, they were even willing to settle for 700.. i was wondering how u dealt with the problem

Scam alert: Bogus debt collectors
By Leslie McFadden • Bankrate.com
Monday, Aug. 3
Posted 2 p.m.
Bankrate reporter Leslie McFadden contributed this entry.
This scam isn't technically about credit cards, but it is scary enough to post a warning.
The Better Business Bureau issued an alert today saying consumers across the country are
getting phone calls from bogus debt collectors claiming default on a payday loan. Of course,
the consumer needs to pay a large fee to avoid arrest -- as much as $1,000.

The post that was posted by Alfalfa was only a half truth. The people indicted in this case
used middle eastern associates to hide from the FDCPA laws and regulations. I reported on this
case and did extensive research on the subject matter.

If the debt collector can provide proof that the debt exists such as paperwork that indicates that it is a true and valid debt owed and contact can be made to the original holder of the debt, 9 times out of 10 the debt is valid. If the debtor can go back in their personal records and validate it, the only way to stop this is to pay what you owe.

Paying these criminals will not make them go away.  Never pay anyone who can't send you validation through the US mail, and then only if you recognize it, you are sure you are obligated to pay it and you are sure they have the right to collect it.

http://www.bankrate.com/financing/credit-card ... llection-calls/